Williamsburg Enterprises has the following information for September: Particulars Sales Variable cost of goods sold Fixed manufacturing costs Amount ($) $600,000 $280,000 $90,000 Variable selling and administrative expenses $50,000 Fixed selling and administrative expenses $40,000 Determine the following for Williamsburg Enterprises for the month of September: 1. Manufacturing Margin 2. Contribution Margin

Williamsburg Enterprises has the following information for September: Particulars Sales Variable cost of goods sold Fixed manufacturing costs Amount ($) $600,000 $280,000 $90,000 Variable selling and administrative expenses $50,000 Fixed selling and administrative expenses $40,000 Determine the following for Williamsburg Enterprises for the month of September: 1. Manufacturing Margin 2. Contribution Margin

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter2: Basic Managerial Accounting Concepts

Section: Chapter Questions

Problem 39E: Cost Classification Loring Company incurred the following costs last year: Required: 1. Classify...

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Philadelphia Company has the following information for March: $476,824 212,488 78,357 49,816 38,848 Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrating expenses Determine the March: a. Manufacturing margin b. Contribution margin c. Operating income for Philadelphia Company 000
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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