Crane Industries carries no inventories. Its product is manufactured only when a customer's order is...
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Crane 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 Crane's breakeven point was $ million. On sales of $ million, its GAP income statement showed a gross profit of $ direct materials cost of $ and direct labor costs of $ The contribution margin was $ and variable manufacturing overhead was $
a
Calculate the following:
Variable selling and administrative expenses
Fixed manufacturing overhead.
Fixed selling and administrative expenses.
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