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Cullumber Industries carries no inventories. Its product is manufactured only when a customer's order is received. It is then shipped immediately after it is made.
Cullumber Industries carries no inventories. Its product is manufactured only when a customer's order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31, 2022, Cullumber's break-even point was $1.31 million. On sales of $1.50 million, its GAAP income statement showed a gross profit of $272,500, direct materials cost of $501,000, and direct labor costs of $605,000. The contribution margin was $210,000, and variable manufacturing overhead was $49,000. (a) Calculate the following: 1. Variable selling and administrative expenses. $ 2. Fixed manufacturing overhead. $ 3. Fixed selling and administrative expenses. $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above
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