Problemkyu lee corporation provides you with the following, Ask an Expert

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Kyu Lee Corporation provides you with the following miscellaneous data regarding operations for 20X0 (in thousands of dollars):

Break-even point in sales = $84,000

Direct material used = $29,000

Gross profit = $20,000

Contribution margin = $25,000

Direct labor = $30,000

Sales = $100,000

Variable manufacturing overhead = $5,000

There are no begiinining or ending inventories.

Compute (a) the fixed manufacturing overhead, (b) variable selling and administrative expenses, and (c) fixed selling and administrative expenses.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92724774

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