Philadelphia Company has the following information for March: Line Item Description Amount Sales $452,028 Variable cost of goods sold 201,145 Fixed manufacturing costs 78,853 Variable selling and administrative expenses 53,507 Fixed selling and administrative expenses 33,879 Determine the March: Line Item Description Amount a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Philadelphia Company has the following information for March: Line Item Description Amount Sales $452,028 Variable cost of goods sold 201,145 Fixed manufacturing costs 78,853 Variable selling and administrative expenses 53,507 Fixed selling and administrative expenses 33,879 Determine the March: Line Item Description Amount a. Manufacturing margin $fill in the blank 1 b. Contribution margin $fill in the blank 2 c. Operating income for Philadelphia Company $fill in the blank 3
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Philadelphia Company has the following information for March:
| Line Item Description | Amount |
|---|---|
| Sales | $452,028 |
| Variable cost of goods sold | 201,145 |
| Fixed |
78,853 |
| Variable selling and administrative expenses | 53,507 |
| Fixed selling and administrative expenses | 33,879 |
Determine the March:
| Line Item Description | Amount |
|---|---|
| a. Manufacturing margin | $fill in the blank 1 |
| b. Contribution margin | $fill in the blank 2 |
| c. Operating income for Philadelphia Company | $fill in the blank 3 |
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