Sheridan 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, Sheridan's break-even point was $1.39 million. On sales of $1.19 million, its income statement showed a gross profit of $190,700, direct materials cost of $410,000, and direct labor costs of $502,000. The contribution margin was $154,700, and variable manufacturing overhead was $50,000. (a) Calculate the following: 2 3. Variable selling and administrative expenses. $ Fixed manufacturing overhead. Fixed selling and administrative expenses. $ 1035300 37300

Sheridan Industries carries no inventories. Its product is manufactured only when a customer's order is recelved. It is then shipped immediately after it is made. For its fiscal year ended October 31,2022 , Sheridan's break-even point was $1.39 million. On sales of $1.19 million, its income statement showed a gross profit of $190,700, direct materials cost of $410,000, and direct labor costs of $502,000. The contribution margin was $154,700. and variable manufacturing overhead was $50,000