Philadelphia Company has the following information for March:
Sales = $450,000
Variable cost of goods sold = $240,000
Fixed manufacturing costs = $70,000
Variable selling and administrative expenses = $52,000
Fixed selling and administrating expenses = $35,000
Determine the March:
a. Manufacturing margin = $fill in the blank 1
b. Contribution margin = $fill in the blank 2
c. Income from operations for Philadelphia Company = $fill in the blank 3