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Problem - Variable Costing - Tiffany Company has the following information for March:
Sales $360,000
Variable cost of goods sold 129,600
Fixed manufacturing costs 86,400
Variable selling and administrative expenses 28,800
Fixed selling and administrative expenses 21,600
Required -
Determine the manufacturing margin for Tiffany Company for the month of March.
Determine the contribution margin for Tiffany Company for the month of March.
Determine the income from operations for Tiffany Company for the month of March.
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