Norwood Company has the following information for September:Sales$490,000Variable cost of goods sold225,400Fixed manufacturing costs73,500Variable selling and administrative expenses53,900Fixed selling and administrative expenses29,400Determine the following for Norwood Company for the month of September:a. Manufacturing margin$b. Contribution margin$c. Operating income$

Computation of the Norwood Company for the month of September are as follows:

Answered: Norwood Company has the following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 2CMA

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Norwood Company has the following information for September:

Sales	$490,000
Variable cost of goods sold	225,400
Fixed manufacturing costs	73,500
Variable selling and administrative expenses	53,900
Fixed selling and administrative expenses	29,400

Determine the following for Norwood Company for the month of September:

a. Manufacturing margin	$
b. Contribution margin	$
c. Operating income	$

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