Pharoah Industries 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, 2020, Pharoah's break-even point was $1.38 million. On sales of $119 million, its income statement showed a gross profit of $178,800, direct materials cost of $405,000, and direct labor costs of $503,000. The contribution margin was $142,800, and variable manufacturing overhead was $51,000. (a) Your Answer Correct Answer (Used) Your answer is partially correct. Calculate the following: 1. Variable selling and administrative expenses. 88200 Fixed manufacturing overhead. 165600 3. Fixed selling and administrative expenses. 113400 %24 2.
Pharoah Industries 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, 2020, Pharoah's break-even point was $1.38 million. On sales of $119 million, its income statement showed a gross profit of $178,800, direct materials cost of $405,000, and direct labor costs of $503,000. The contribution margin was $142,800, and variable manufacturing overhead was $51,000. (a) Your Answer Correct Answer (Used) Your answer is partially correct. Calculate the following: 1. Variable selling and administrative expenses. 88200 Fixed manufacturing overhead. 165600 3. Fixed selling and administrative expenses. 113400 %24 2.
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter10: Cost Analysis For Management Decision Making
Section: Chapter Questions
Problem 16E
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