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(CLO-3) Heads Retail Company shows the following information for the period ended 31-5-2020 Selling price per unit $5 Number of units sold 16,000 $400 Total

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(CLO-3) Heads Retail Company shows the following information for the period ended 31-5-2020 Selling price per unit $5 Number of units sold 16,000 $400 Total fixed administrative expense Beginning merchandise inventory $3,000 Ending merchandise inventory $2,100 Variable selling expense per unit $2 Variable administrative expense per unit $1 Merchandise purchases $24,500 Total fixed selling expense $600 Insert the correct numbers in the following sentences. Use numerals 0-9 only. Do not use commas, dollar signs, or decimal points unless instructed otherwise. The company's total variable costs were S and revenue was S Net income was S Total fixed expenses amounted to S The company's operating leverage was (only for this answer you must round to one decimal, eg, for 2.34 type 2.3). % times operating leverage. If revenue increases by $15200, net income will increase by and contribution margin

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