Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the following for Lindquist Company for the month of February: $7,150,000 2,430,000 1,250,000 900,000 110,000

Sales Variable cost of goods sold Fixed manufacturing costs Variable selling and administrative expenses Fixed selling and administrative expenses Determine the following for Lindquist Company for the month of February: $7,150,000 2,430,000 1,250,000 900,000 110,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 8EA: Using the information in the previous exercises about Marleys Manufacturing, determine the operating...

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Question

Lindquist Company has the following information for February:
Sales
Variable cost of goods sold
Fixed manufacturing costs
Variable selling and administrative expenses
Fixed selling and administrative expenses
Determine the following for Lindquist Company for the month of February:
a. Manufacturing margin
b. Contribution margin
c. Operating income.
$7,150,000
2,430,000
1,250,000
900,000
110,000

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