Alex, ellen and nicolas are equal partners in a local restaurant. the restaurant reports the following items for the current year: business revenue $770,000 business expenses 470,000 investment expenses 150,000 each partner receives a schedule k-1 with one-third of the preceding items reported to him/her. how must each individual report these results on his/her form 1040? $100,000 income on schedule e; $50,000 investment expense on schedule a $257,667 income on schedule e; $50,000 investment expense on schedule a $300,000 income on schedule e; $50,000 investment expense on schedule a $300,000 income on schedule e; $150,000 investment expense on schedule a

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?