Variable costing Marley Company has the following information for March: Sales $ 912,000 Variable cost of goods sold $ 474,000 Fixed manufacturing costs $ 82,000 Variable selling and administrative expenses $ 238,100 Fixed selling and administrative expenses $ 54,700   Determine (a) the manufacturing margin, (b) the contribution margin, and (c) operating income for Marley Company for the month of March.

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.