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Comparative income statements for Boggs Sporting Equipment Company for the last two months are presented below. July 11,000 $165,000 72,603 92,400 August 10,60 $150 000
Comparative income statements for Boggs Sporting Equipment Company for the last two months are presented below. July 11,000 $165,000 72,603 92,400 August 10,60 $150 000 65,000 84,000 Sales in Units Sales Revenue Less: Cast of Goods Sold Gross Margin Less: Operating Expensesi Rent Sales Comissions Maintenance Expenses Clerical Expenses Total Operating Expenses Operating Income 12,000 13,200 13 se 16,00 $54,200 37.703 12,000 12 eee 13,000 15.900 $52,000 $32,000 All of the company's costs are either fixed, variable, or a mixture of the two (that is, mixed). Assume that the relevant range Includes all of the activity levels mentioned in this problem. What is the total monthly fixed cost for Boggs Sporting Equipment Company
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