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 $1.37 million. On sales of $1.18 million, its income statement showed a gross profit of $189,400, direct materials cost of $402,000, and direct labor costs of $505,000. The contribution margin was $153,400, and variable manufacturing overhead was $51,000.
(a)
Calculate the following:
1. Variable selling and administrative expenses. $
2. Fixed manufacturing overhead. $
3. Fixed selling and administrative expenses. $