Ferguson Company has the following information for July: Sales $650,000 Variable cost of goods sold 312,000...
Ferguson Company has the following information for July:
| Sales | $650,000 |
| Variable cost of goods sold | 312,000 |
| Fixed manufacturing costs | 104,000 |
| Variable selling and administrative expenses | 65,000 |
| Fixed selling and administrative expenses | 39,000 |
Determine the following for Ferguson Company for the month of July:
| a. Manufacturing margin | $ |
| b. Contribution margin | $ |
| c. Income from operations | $ |
Homework Answers
a. Manufacturing margin = sales- variable cost of goods sold - fixed manufacturing cost
= $650000-312000-104000
= $234000
b. Contribution margin = sales - variable cost of goods sold
= 650000 - 312000
= $338000
c. Income from operations = manufacturing margin - total selling and administrative expense
= $234000 - 65000 - 39000
= $130000
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