Lewis signed a contract for the rights to all timber located on nine-mile mine. he agreed to pay $70 per thousand board feet ($70/mbf). as he began work, nine-mile became convinced that lewis lacked sufficient equipment to do the job well and forbade him to enter the land. lewis sued. nine-mile moved for summary judgment. the mine offered proof that the market value of the timber was exactly $70/mbf, and lewis had no evidence to contradict nine-mile. the evidence about market value proved decisive. why

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 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?