Norwood Company has the following information for July: Sales $440,000 Variable cost of goods sold 198,000 Fixed manufacturing costs 70,400 Variable selling and administrative expenses 44,000 Fixed selling and administrative expenses 26,400 Determine the following for Norwood Company for the month of July: a.  Manufacturing margin $fill in the blank 1 b.  Contribution margin $fill in the blank 2 c.  Operating income $fill in the blank 3

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Norwood Company has the following information for July:

Sales $440,000
Variable cost of goods sold 198,000
Fixed manufacturing costs 70,400
Variable selling and administrative expenses 44,000
Fixed selling and administrative expenses 26,400

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

a.  Manufacturing margin $fill in the blank 1
b.  Contribution margin $fill in the blank 2
c.  Operating income $fill in the blank 3
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