Philadelphia Company has the following information for March: Sales $487,491 Variable cost of goods sold 213,248 Fixed manufacturing costs 75,006 Variable selling and administrative expenses 50,161 Fixed selling and administrating expenses 38,910 Determine the March: a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Philadelphia Company has the following information for March: Sales $487,491 Variable cost of goods sold 213,248 Fixed manufacturing costs 75,006 Variable selling and administrative expenses 50,161 Fixed selling and administrating expenses 38,910 Determine the March: a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Philadelphia Company has the following information for March:
Sales | $487,491 |
Variable cost of goods sold | 213,248 |
Fixed |
75,006 |
Variable selling and administrative expenses | 50,161 |
Fixed selling and administrating expenses | 38,910 |
Determine the March:
a. Manufacturing margin | $fill in the blank 1 |
b. Contribution margin | $fill in the blank 2 |
c. Operating income for Philadelphia Company | $fill in the blank 3 |
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