Problem A Beverly High Fashions Company manufactured and sold 1,000 pair of leather handbags during July. Selected data for this month follow: Sale $110,000 Direct materials used 31,000 Direct labor 16,000 Variable manufacturing overhead 13,000 Fixed manufacturing overhead 11,000 Variable selling and administrative expenses Fixed selling and administrative expenses Contribution margin 40,000 Operating income 22,000 There were no beginning or ending inventories. 1. What were the variable selling and administrative expenses for July? 2. What were the fixed selling and administrative expenses for July? 3. What was the cost of goods sold during July? eta ksyt ter