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

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Accounting

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 31,2025, Crane's break-even point was $1.38 million. On sales of $1.50 million, its GAP income statement showed a gross profit of $257,500, direct materials cost of $501,000, and direct labor costs of $610,000. The contribution margin was $195,000, and variable manufacturing overhead was $48,000.
(a)
Calculate the following:
1. Variable selling and administrative expenses
2. Fixed manufacturing overhead.
3. Fixed selling and administrative expenses.

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