The Sharma Company provides you with the following miscellaneous data regarding operations in 20X9: Gross Profit $40,000 Net Profit 15,000 Sales 120,000 Direct Material Used 35,000 Direct Labor 25,000 Fixed Manufacturing Overhead 15,000 Fixed selling and administrative expenses 12,000
There are no beginning or ending inventories.
Compute variable selling and administrative expenses, contribution margin in dollars, A variable manufacturing overhead, break-even point in sales dollars, and (e) manufacturing cost of goods sold.