Variable Costing Lindquist Company has the following information for February: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses $480,000 220,800 76,800 48,000 33,600 Determine the following for Lindquist Company for the month of February: a. Manufacturing margin. 259,200 ✔ b. Contribution margin c. Operating income S 211,200 V x 13 Feedback Check My Work a. Sales Variable cost of goods sold Manufacturing margin. b. Manufacturing margin - Variable selling and administrative expenses Contribution margin c. Contribution margin - Fixed costs Income from operations
Variable Costing Lindquist Company has the following information for February: Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses $480,000 220,800 76,800 48,000 33,600 Determine the following for Lindquist Company for the month of February: a. Manufacturing margin. 259,200 ✔ b. Contribution margin c. Operating income S 211,200 V x 13 Feedback Check My Work a. Sales Variable cost of goods sold Manufacturing margin. b. Manufacturing margin - Variable selling and administrative expenses Contribution margin c. Contribution margin - Fixed costs Income from operations
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
am. 106.
Transcribed Image Text:Variable Costing
Lindquist Company has the following information for February:
Sales
Variable cost of goods sold
Fixed manufacturing costs
Variable selling and administrative expenses
Fixed selling and administrative expenses
$480,000
220,800
76,800
48,000
33,600
Determine the following for Lindquist Company for the month of February:
a. Manufacturing margin.
259,200 ✔
b. Contribution margin
c. Operating income
S
211,200 V
x
13
Feedback
Check My Work
a. Sales Variable cost of goods sold
Manufacturing margin.
b. Manufacturing margin - Variable selling and administrative expenses Contribution margin
c. Contribution margin - Fixed costs Income from operations
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