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Wildhorse Industries carries no inventories. Its product is manufactured only when a customer's order is...

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Wildhorse 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 31,2022, Wildhorse's break-even point was $1.36 million. On sales of $1.50 million, its GAAP income statement showed a gross profit of $287,500, direct materials cost of $503,000, and direct labor costs of $610,000. The contribution margin was $225,000, and variable manufacturing overhead was $48,000. (a) Your answer is incorrect. Calculate the following: 1. Variable selling and administrative expenses. 2. Fixed manufacturing overhead. 3. Fixed selling and administrative expenses. $ $ $

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