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Miller Companys total sales are $240,000. The companys direct labor cost is $28,800, which represents 30% of its total conversion cost and 40% of its total prime cost. Its total selling and administrative expense is $36,000 and its only variable selling and administrative expense is a sales commission of 5% of sales. The company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. Required 1. What is the total manufacturing overhead cost? 2. What is the total direct materials cost? 3. What is the total manufacturing cost? 4. What is the total variable selling and administrative cost? 5. What is the total variable cost? 6. What is the total fixed cost? 7. What is the total contribution margin? 1. Total manufacturing overhead cost 2. Total direct materials cost 3. Total manufacturing cost 4 Total variable selling and administrative cost

please also explain how you came to answer.

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Workings Direct labor cost (a) Direet labor as a percentage of total conversion costs (b) Total conversion aost (a) ÷ (b) 28,800 30 96,000 Total manufacturing overhcad cost 70% 67,200 Direct labor cost (a) Direet labor as a percentage of total prime costs (b) Total prime ost (a)) Total direct materials cost 28,800 408 72,000 60 43,200 Direct materials gost irect labor cost Manufacturing ovcrhcad cost Total manufaoturi 13,200 28,800 67,200 139,200 cost Total sales (a) Sales commission percentage (b) Total variable selling and administrative cost (a) x(b) 240,000 5용 12,000 The total variable cost is c ted as follows Dircct matcrials cost Direot labor cost Sales commissions Total variablc cost 43,200 28,800 12,000 84,000 The total fixed cost is computed as follows: Total selling and administrative expenses (a) Sales commissions (b) Total fixed selling and administrative 36,000 12,000 expense (a)(b) Total fixed manufacturing overhead Total fixed gost 24,000 67,200 91,200 The total contribution margin is calculated as follows Sales (a) Variable costs (b) Contribution margin (a) -(b) 240,000 84,000 156, 000 1. What is the total manufacturing overhead cost? 2. What is the total direct materials cost? 3. What is the total manufacturing cost? 4. What is the total variable selling and administrative cost? 67.200 43,200 139,200 12,000 84,000 91.200 156,000 What is the total variable cost? 6. What is the total fixed cost? 7. What is the total contribution margin?

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