The Sharma Company provides you with the following miscellaneous data regarding operations in 238 % Any diffi 4-51 Review of Chapters 2, 3, and 4 Gross profit Net profit Sales Direct material used Direct labor Fixed manufacturing overhead Fixed selling and administrative expenses $ 40,000 15,000 120,000 35,000 25,000 15,000 12,000 There are no beginning or ending inventories. Compute (a) variable selling and administrative expenses, (b) contribution margin in dolls (c) variable manufacturing overhead, (d) break-even point in sales dollars, and (e) manufacturing an of goods sold. B B OO G D D E E Sharma Company F F H H G Parts a, e, e $ 120,000 Sales Cost of goods manufactured and sold: Direct material Direct labor Variable manufacturing overhead Fixed manufacturing overhead Total manufacturing cost of goods sold Gross profit Selling and administrative expenses: Variable Fixed Net Profit $ 35,000 25,000 Amount 15,000 Formula 1 #VALUE! Amount 12,000 B #VALUE! #VALUE! 0 Part 5 $ 120,000 2 Sales Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative Contribution margin $ 35,000 25,000 Amount Amount 60,000 Formula 2 4 5 6 -7 8 Part d 09 50 $1 2 83 34 Contribution margin as a percentage of sales Break-even point in sales dollars #VALUE! Formula 3 4-40 4-51 Sheet3