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Question - Miller company's total sales are $189,000. The company's direct labor is $22,680, which represents 30% of its total conversion cost and 40% of its prime cost. Its total selling and administrative expense is $28,350 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead cost are entirely fixed costs.
Required -
1) What is the total manufacturing overhead cost?
2) What is the total direct materials cost?
3) What is the total manufacturing cost?
4) What is the variable selling and administrative cost?
5) What is the total variable cost?
6) What is the total fixed cost?
7) What is the total contribution margin?
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