If the overapplied factory overhead amount is material, it is never transferred to Cost of Goods Sold at the end of the fiscal year. True or False.

Just Ice Co. sales total $638,400, variable costs are 65% of sales, and the fixed costs are $250,000, the contribution margin ratio at break even is: A $87,500 B $250,000 C $414,960 D None of the other choices are correct.