Tony's Company has the following information for March: $$\begin{array} { | l | c | }
\hline \text { Sales } & \$ 1,000,000 \
\hline \text { Variable cost of goods sold } & 490,000 \
\hline \text { Fixed manufacturing costs } & 170,000 \
\hline \text { Variable selling and administrative expenses } & 112,000 \
\hline \text { Fixed selling and admini strative expenses } & 100,000 \
\hline
\end{array}$$ Determine the March a) manufacturing margin, b) contribution margin, and c) income from operations for Tony's Company.

Question

Tony's Company has the following information for March: $$\begin{array} { | l | c | } 
\hline \text { Sales } & \$ 1,000,000 \
\hline \text { Variable cost of goods sold } & 490,000 \
\hline \text { Fixed manufacturing costs } & 170,000 \
\hline \text { Variable selling and administrative expenses } & 112,000 \
\hline \text { Fixed selling and admini strative expenses } & 100,000 \
\hline
\end{array}$$ Determine the March a) manufacturing margin, b) contribution margin, and c) income from operations for Tony's Company.

Quizplus · Accepted Answer

The Answer of Tony's Company has the following information for March: $$\begin{array} { | l | c | } 
\hline \text { Sales } & \$ 1,000,000 \
\hline \text { Variable cost of goods sold } & 490,000 \
\hline \text { Fixed manufacturing costs } & 170,000 \
\hline \text { Variable selling and administrative expenses } & 112,000 \
\hline \text { Fixed selling and admini strative expenses } & 100,000 \
\hline
\end{array}$$ Determine the March a) manufacturing margin, b) contribution margin, and c) income from operations for Tony's Company.

Tony's Company Has the Following Information for March Determine the March A) Manufacturing Margin, B) Contribution Margin, and |