Variable Costing Ferguson Company has the following information for July: Sales $620,000...
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Accounting
Variable Costing
Ferguson Company has the following information for July:
| Sales | $620,000 |
| Variable cost of goods sold | 285,200 |
| Fixed manufacturing costs | 99,200 |
| Variable selling and administrative expenses | 62,000 |
| Fixed selling and administrative expenses | 37,200 |
Determine the following for Ferguson Company for the month of July:
| a. Manufacturing margin | $fill in the blank 1 |
| b. Contribution margin | $fill in the blank 2 |
| c. Income from operations |
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