Philadelphia Company has the following information for March: Sales $466,710 Variable cost of goods sold 221,160 Fixed manufacturing costs 78,891 Variable selling and administrative expenses 52,762 Fixed selling and administrating expenses 36,022 a. Determine the March manufacturing margin. b. Determine the March contribution margin.

Philadelphia Company has the following information for March: Sales $466,710 Variable cost of goods sold 221,160 Fixed manufacturing costs 78,891 Variable selling and administrative expenses 52,762 Fixed selling and administrating expenses 36,022 a. Determine the March manufacturing margin. b. Determine the March contribution margin.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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