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The Kyu Lee provides you with the following miscellaneous data regarding operations in 20X0 (in thousands of South Korean won, ): Break-even point in sales

The Kyu Lee provides you with the following miscellaneous data regarding operations in 20X0 (in thousands of South Korean won, ):

Break-even point in sales

40,000

Direct material used

29,000

Gross Profit

20,000

Contribution Margin

25,000

Direct Labour

30,000

Sales

100,000

Variable manufacturing overhead

5,000

There are no beginning or ending inventories

Compute (a) the fixed manufacturing overhead (b) variable selling and administrative expenses and (c) fixed selling and administrative expenses

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