Baylor University Outlook xam 1 Ch. 1-3 Exam Review.pdf Download Show email It's a new year end and Sam's Bookstore changed some of their numbers around and are trying to see if it was beneficial... Sales Cost of Goods Sold $830,000 450.000 Gross Margin 380,000 Less operatin spenses: Selling $94,000 Administration 110,000 204.000 Net operating income 176,000 On average, a book sells for $50. Variable selling expenses are $4 per book with the remaining being fixed. The administrative expense is 40% fixed, with the remainder being variable. COGS is 100% variable. 23. How many units did Sam's Bookstore sell this first quarter of this year? A. 23,400 B. 16,600 C. 18,750 D. 15,450 24. The contribution margin for Sam's Bookstore for the first quarter is: A. $247,600 B. $254,600 C. $387,500 D. $245,900 26. As the level of activity increases, how will the following react: Breakeven point, total variable costs, fixed cost per unit, contribution margin? A. Decrease, Increase, Decrease, Increase B. NE, Increase, Decrease, Increase Robbins 5 2 X