Cassy Company has the following information for October: Sales .................... $ 760,000 Variable cost of goods sold

Question:

Cassy Company has the following information for October:
Sales .................... $ 760,000
Variable cost of goods sold ........... 395,200
Fixed manufacturing costs ............ 68,400
Variable selling and administrative expenses .... 197,600
Fixed selling and administrative expenses ..... 45,600
Determine
(a) The manufacturing margin,
(b) The ,
(c) Income from operations for Cassy Company for the month of October.

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...