#6 Variable Costing Income Statement eBook Show Me How Calcul Variable Costing Norwood Company has the following information for February: Sales $420,000 Variable cost of goods sold 193,200 63,000 Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses 42,000 25,200 Determine the following for Norwood Company for the month of February: a. Manufacturing margin b. Contribution margin s C. Operating income Variable Costing-Production Exceeds Sales Fixed manufacturing costs are $43 per unit, and variable manufacturing costs are $129 per unit. Production was 146,000 units, while sales were 137,240 units. a. Determine whether variable costing operating income is less than or greater than absorption costing operating income. b. Determine the difference in variable costing and absorption costing operating income. Variable Costing-Sales Exceed Production The beginning inventory is 20,300 units. All of the units that were manufactured during the period and 20,300 units of the beginning inventory were sold. The beginning inventory fixed manufacturing costs are $52 per unit, and variable manufacturing costs are $93 per unit. a. Determine whether variable costing operating income is less than or greater than absorption costing operating income. b. Determine the difference in variable costing and absorption costing operating income. Analyzing Income under Absorption and Variable Costing Variable manufacturing costs are $76 per unit, and fixed manufacturing costs are $218,400. Sales are estimated to be 8,000 units. If an amount is zero, enter "0". Round intermediate calculations to the nearest cent and your final answers to the nearest dollar. a. How much would absorption costing operating income differ between a plan to produce 8,000 units and a plan to produce 10,400 units? b. How much would variable costing operating income differ between the two production plans