Heather sells land (adjusted basis, $88,400; fair market value, $114,920) to a partnership in which she controls an 80% capital interest. The partnership pays her only $61,880 for the land.

The partnership later sells the land to a third party for $300,520. The partnership has a realized gain of $and a recognized gain of $ on its sale of the land.

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?