Problem $1-22($Algo$)$ Cost Terminology; Contribution Format Income Statement $[$LO$1-2,$ LO$1-4,$ LO$1-6]$

Miller Company's total sales are $$240,000.$ The company's direct labor cost is $$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:

What is the total manufacturing overhead cost?

What is the total direct materials cost?

What is the total manufacturing cost?

What is the total variable selling and administrative cost?

What is the total variable cost?

What is the total fixed cost?

What is the total contribution margin?