Type your question hereLankford Manufacturing 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, 2012, Lankford's break-even point was $1.33 million. On sales of $1.18 million, its income statement showed a gross profit of $106,000, direct materials cost of $404,400, and direct labor costs of $506,600. The contribution margin was $106,000, and variable manufacturing overhead was $98,300.