XYZ Motors is assessing its financial performance for the quarter:

• Calculate Cost of Goods Sold (CGS) for 1,000 vehicles:
  • Direct Materials: $5,000,000
  • Direct Labor: $2,000,000
  • Manufacturing Overhead: $1,000,000

• Evaluate SG&A expenses:
  • Sales Commissions: $500,000
  • Advertising: $200,000
  • Administrative Salaries: $300,000

• Calculate Contribution Margin per vehicle.
• Recommend strategies to control factory overhead costs.