During the first month of operations ended March 31, 2016, Hip and Conscious Clothing Company produced 55,000 designer cowboy hats, of which 51,900 were sold. Operating data for the month are summarized as follows: 1 Sales $804,450.00 2 Manufacturing costs Direct labor Variable manufacturing cost Fixed manufacturing cost 467500.00 126500.00 77,000.00 55,000.00 726,000.00 7Selling and administrative expenses: 8 Variable 9 Fixed 25,950.00 5,950.00 51,900.00