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Question - Variable costing
Hardin Company has the following information for July:
Sales $625,000
Variable cost of goods sold 325,000
Fixed manufacturing costs 56,250
Variable selling and administrative expenses 162,500
Fixed selling and administrative expenses 37,500
Determine the following for Hardin Company for the month of July:
a. Manufacturing margin $
b. Contribution margin $
c. Income from operations $
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