Question: answer the question Current Attempt in Progress Ivanhoe Industries carries no inventories. Its product is manufactured only when a customer's order is received. It is

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answer the question Current Attempt in Progress
Current Attempt in Progress Ivanhoe 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, Ivanhoe's break-even point was $1.30 million. On sales of $1.50 million, its GAAP income statement showed a gross profit of $227,500, direct materials cost of $520,000, and direct labor costs of $635,000. The contribution margin was $165,000, 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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