Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. variable costing ferguson company has the followin

Variable Costing Ferguson Company has the following information for July: Sales $630,000...

90.2K

Verified Solution

Question

Accounting

Variable Costing

Ferguson Company has the following information for July:

Sales $630,000
Variable cost of goods sold 289,800
Fixed manufacturing costs 94,500
Variable selling and administrative expenses 69,300
Fixed selling and administrative expenses 37,800

Determine the following for Ferguson Company for the month of July:

a. Manufacturing margin $
b. Contribution margin $
c. Income from operations $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

7 Use elimination or substitution to solve the system of equations 2 y x 3x...

Basic Math
Q

DATAfile: CorporateBonds You may need to use the appropriate appendix table or technology to answer this question. A...

Basic Math
Q

In a race between a turtoise and a hare, the hare stopped to eat a carrot for...

Physics
Q

Subtract and simplify your answer.7/X-6 - 6/X+5

Basic Math
Q

Use the change of base theorem to find each logarithm log 77 log 77 Simplify...

Algebra
Q

A cookie company uses one cup of sugar for every 25 cookies it makes Let...

Algebra
Q

Consider the x and y values such that xo 2 x1 3 x2 5 x3...

Algebra
Q

Sid's Skins makes a variety of covers for electronic organizers and portable music players. The...

Accounting
Q

For each performance measure determine whether it is financial or nonfinancial and which perspective it...

Accounting
Q

Delivery Entity (DE) exchanges one delivery truck with a carrying value of $10,000 ($50,000 cost...

Accounting
Q

7. Absent an agreement otherwise, all profits or benefits that result from an agency: A....

Accounting
Q

A plastic plant worth $ 238357 had a useful life of 11 ears and a...

Accounting