Capico is a pharmaceutical company. the company has its factory outlets in various countries and is currently not planning on an expansion. in fact, it wants to invent a new drug by which it can stay ahead of its competitors. why does capico require credit? a. for research and development b. for buying a new premise c. for setting operation in a new country d. for hiring new staff e. for paying electricity bills

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?