Philadelphia Company has the following information for March: Sales $471,872 Variable cost of goods sold 223,448 Fixed manufacturing costs 76,779 Variable selling and administrative expenses 52,438 Fixed selling and administrating expenses 32,449 Determine the March: 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

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter3: Cost-volume-profit Analysis
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Philadelphia Company has the following information for March:

Sales $471,872
Variable cost of goods sold 223,448
Fixed manufacturing costs 76,779
Variable selling and administrative expenses 52,438
Fixed selling and administrating expenses 32,449

Determine the March:

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
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