Philadelphia Company has the following information for March: Sales $488,148 Variable cost of goods sold 215,828 Fixed manufacturing costs 76,094 Variable selling and administrative expenses 50,409 Fixed selling and administrating expenses 33,002 Determine the March: 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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Philadelphia Company has the following information for March:

Sales $488,148
Variable cost of goods sold 215,828
Fixed manufacturing costs 76,094
Variable selling and administrative expenses 50,409
Fixed selling and administrating expenses 33,002

Determine the March:

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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