Oriole Industries carries no inventories. Its product is manufactured only when a customers order is...
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Oriole Industries carries no inventories. Its product is manufactured only when a customers order is received. It is then shipped immediately after it is made. For its fiscal year ended October 31, 2020, Orioles break-even point was $1.33 million. On sales of $1.20 million, its income statement showed a gross profit of $228,000, direct materials cost of $401,000, and direct labor costs of $505,000. The contribution margin was $192,000, and variable manufacturing overhead was $50,000.
Calculate the following:
1.
Variable selling and administrative expenses.
$
2.
Fixed manufacturing overhead.
$
3.
Fixed selling and administrative expenses.
$
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