4-51 Review of Chapters 2, 3, and 4 The Sharma Company provides you with the following miscellaneous data regarding operations in 20X9: Gross profit $ 40,000 Net profit 15,000 Sales 120,000 Direct material used 35,000 Direct labor 25,000 Fixed manufacturing overhead 15,000 Fixed selling and administrative expenses 12,000 There are no beginning or ending inventories. Compute (a) variable selling and administrative expenses, (b) contribution margin in dollars, (c) variable manufacturing overhead, (d) break-even point in sales dollars, and (e) manufacturing cost of goods sold. 4-52 Review of Chapters 2, 3, and 4 Kyu Lee Corporation provides you with the following miscellaneous data regarding operations for 20X0 (in thousands of South Korean won, w): Break-even point in sales W 84,000 Direct material used 29,000 Gross profit 20,000 Contribution margin 25.000 Direct labor 30,000 Sales 100,000 Variable manufacturing overhead 5,000 There are no beginning or ending inventories. Compute (a) the fixed manufacturing overhead, (b) variable selling and administrative expenses, and (c) fixed selling and administrative expenses