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Andrew's Sports is a high-end athletics store, specializing in custom attire, shoes and training equipment. Last month, the company sold 100 units of the Jeloton
Andrew's Sports is a high-end athletics store, specializing in custom attire, shoes and training equipment. Last month, the company sold 100 units of the Jeloton exercise bike. The retail price of the bike is $1,000. . . It cost the company 40% of the retail price to manufacture each bike. The company employs a salesperson, who receives 5% of the sales price of each bike sold. The company pays $10,000 each month to rent equipment and retail space The company employs a certified fitness trainer for $2,500 each month who assists customers in developing their personalized training programs. Using the information provided, answer the following questions. Please round final answers to the nearest whole dollar and include appropriate commas and dollar sign (for example $25,000) 1. What amount of Cost of Goods Sold did the company have last month? 2. What amount of Variable Costs did the company have last month? 3. What amount of Operating Expenses did the company have last month? 4. What amount of Fixed Costs did the company have last month? 5. What amount of Operating Income did the company have last month
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