Steve and stephanie pratt purchased a home in spokane, washington, for $417,500. they moved into the home on february 1 of year 1. they lived in the home as their primary residence until june 30 of year 5, when they sold the home for $747,500 assume the original facts, except that stephanie moves in with steve on march 1 of year 3 and the couple is married on march 1 of year 4. under state law, the couple jointly owns steve’s home beginning on the date they are married. on december 1 of year 3, stephanie sells her home that she lived in before she moved in with steve. she excludes the entire $80,000 gain on the sale on her individual year 3 tax return. what amount of gain must the couple recognize on the sale in june of year 5?

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?