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The Sharma Company provides you with the following miscellaneous data regarding operations in 20X9: Gross profit...

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

(a) variable selling and administrative expenses

(b) contribution margin in dollars

(c) variable manufacturing overhead

(d) break-even point in sales dollars

(e) manufacturing cost of goods sold.

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