Question 12 1. O&A Corporation, a merchandising company, reported the following results for July Number of units sold 3,850 Selling price per unit 339 Beginning Merchandise Inventory 631,500 Ending Merchandise Inventory 550,000 Merchandise Purchased 450,000 Variable selling expense per unit 27 Total fixed selling expense 77,900 Variable administrative expense per unit 12 Total fixed administrative expense 185,200 Prepare a contribution format income statement for July. How much is the total Variable expenses? Queens Corporation uses direct labor-hours in its predetermined overhead rate. The following additional information is available for the company as a whole and for Job X Estimated total fixed manufacturing overhead $10,000 Estimated variable manufacturing overhead per direct labor hour $1.00 Estimated total direct labor-hours to be worked $2,000 Total actual manufacturing overhead cost incurred S12,500 Job X Direct Material 58,000 Direct Labor cost $7,500 Actual direct labor-hours worked 500 How much is the manufacturing overhead applied to Job X