Wariable Costing Lindquist Company has the following information for February: Sales $690,000 Variable cost of goods sold 324,300 Fixed manufacturing costs 117,300 Variable selling and administrative expenses 62,100 Fixed selling and administrative expenses 41,400 Determine the following for Lindquist Company for the month of February: a. Manufacturing margin b. Contribution margin c. Operating income 365,700

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Variable Costing
Lindquist Company has the following information for February:
Sales
$690,000
Variable cost of goods sold
324,300
Fixed manufacturing costs
117,300
Variable selling and administrative expenses
62,100
Fixed selling and administrative expenses
41,400
Determine the following for Lindquist Company for the month of February:
a. Manufacturing margin
b. Contribution margin
c. Operating income
365,700
Transcribed Image Text:Variable Costing Lindquist Company has the following information for February: Sales $690,000 Variable cost of goods sold 324,300 Fixed manufacturing costs 117,300 Variable selling and administrative expenses 62,100 Fixed selling and administrative expenses 41,400 Determine the following for Lindquist Company for the month of February: a. Manufacturing margin b. Contribution margin c. Operating income 365,700
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