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15 August, 07:22

Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufacturing costs 77,725 Variable selling and administrative expenses 50,621 Fixed selling and administrating expenses 34,085 a. Determine the March manufacturing margin. $ b. Determine the March contribution margin. $ c. Determine the March income from operations for Philadelphia Company. $

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  1. 15 August, 07:47
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    Manufacturing margin is $203,253

    Contribution margin is $230,357

    Net income $118,547

    Explanation:

    Manufacturing margin is the sales revenue minus manufacturing costs

    Sales revenue $486,599

    Cost of goods sold ($205,621)

    fixed manufacturing cost ($77,725)

    manufacturing margin $203,253

    Contribution margin is sales revenue minus variable costs:

    Sales revenue $486,599

    Cost of goods sold ($205,621)

    variable selling & admin ($50,621)

    contribution margin $230,357

    Income is the sales revenue minus all costs incurred:

    Sales revenue $486,599

    Cost of goods sold ($205,621)

    fixed manufacturing cost ($77,725)

    Variable selling & admin ($50,621)

    Fixed selling & admin ($34,085)

    Net income $118,547
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Home » Business » Philadelphia Company has the following information for March: Sales $486,599 Variable cost of goods sold 205,621 Fixed manufacturing costs 77,725 Variable selling and administrative expenses 50,621 Fixed selling and administrating expenses 34,085 a.
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