Tony's Company Has the Following Information for March Determine the March A) Manufacturing Margin, B) Contribution Margin, and |

Essay

Tony's Company has the following information for March: $$\begin{array} { | l | c | } \hline \text { Sales } & \$ 1,000,000 \\\hline \text { Variable cost of goods sold } & 490,000 \\\hline \text { Fixed manufacturing costs } & 170,000 \\\hline \text { Variable selling and administrative expenses } & 112,000 \\\hline \text { Fixed selling and admini strative expenses } & 100,000 \\\hline\end{array}$$ Determine the March a) manufacturing margin, b) contribution margin, and c) income from operations for Tony's Company.