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Sandhill Industries carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made.
Sandhill Industries carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31, 2020, Sandhills break-even point was $1.35 million. On sales of $1.19 million, its income statement showed a gross profit of $202,600, direct materials cost of $405,000, and direct labor costs of $505,000. The contribution margin was $166,600, and variable manufacturing overhead was $51,000.
Calculate the following:
1. | Variable selling and administrative expenses. | $ | ||
2. | Fixed manufacturing overhead. | $ | ||
3. | Fixed selling and administrative expenses. | $ |
Question 16 --/1 View Policies Current Attempt in Progress Sandhill 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, 2020, Sandhill's break-even point was $1.35 million. On sales of $1.19 million, its income statement showed a gross profit of $202,600, direct materials cost of $405,000, and direct labor costs of $505,000. The contribution margin was $166,600, and variable manufacturing overhead was $51,000. Calculate the following: 1. Variable selling and administrative expenses. A 2. Fixed manufacturing overhead. 3. Fixed selling and administrative expenses. $
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