Variable Costing Norwood Company has the following information for September: Sales $720,000 Variable cost of goods sold 338,400 Fixed manufacturing costs 122,400 Variable selling and administrative expenses 64,800 Fixed selling and administrative expenses 50,400 Determine the following for Norwood Company for the month of September: a.  Manufacturing margin $ b.  Contribution margin $ c.  Operating income $

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Pricing

Pricing is used as a term in finance and economics, pricing is the process of fixing a value for a product or a service. Pricing establishes a value for a product or service that the customer has to pay. A business can choose from different strategies while deciding to set prices.