In: Accounting
Ferguson Company has the following information for March:
| Sales | $600,000 |
| Variable cost of goods sold | 276,000 |
| Fixed manufacturing costs | 90,000 |
| Variable selling and administrative expenses | 54,000 |
| Fixed selling and administrative expenses | 36,000 |
Determine the following for Ferguson Company for the month of March:
| a. Manufacturing margin | $ |
| b. Contribution margin | $ |
| c. Income from operations | $ |