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Question 11 of 20 -/5 III View Policies Current Attempt in Progress Cullumber Industries carries no inventories. Its product is manufactured only when a customer's
Question 11 of 20 -/5 III View Policies Current Attempt in Progress 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 $1.35 million. On sales of $1.50 million, its GAAP income statement showed a gross profit of $257,500, direct materials cost of $508,000, and direct labor costs of $605.000. The contribution margin was $195.000, and variable manufacturing overhead was $50.000. (a) Calculate the following: 1. Variable selling and administrative expenses. $ 2. Fixed manufacturing overhead. $ 3. Fixed selling and administrative expenses. $ e Textbook and Media Save for Later Attempts:0 of 3 used Submit
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