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Dear tutors, I need your help in answering my assignment promptly. Here is the question: The following is a description relating to housewares: Product Line

Dear tutors, I need your help in answering my assignment promptly. Here is the question:

The following is a description relating to housewares:

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Product Line House- Total Drugs Cosmetics wares Sales . . . . $250,000 $125,000 $75,000 $50,000 Variable expenses . . 105,000 50,000 25,000 30,000 Contribution margin . . . . . . . 145,000 75,000 50,000 20,000 Fixed expenses: Salaries . . .. 50,000 29,500 12,500 8,000 Advertising . . 15,000 1,000 7,500 6,500 Utilities 2,000 500 500 1,000 Depreciation-fixtures . .. 5,000 1,000 2.000 2,000 Rent . . . . . . . 20,000 10,000 6,000 4,000 Insurance . . . 3,000 2,000 500 500 General administrative . . . . . . 30,000 15,000 9,000 6,000 Total fixed expenses . . . .. 125,000 59,000 38,000 28,000 Net operating income (loss) . . . . $ 20,000 $ 16,000 $12,000 $ (8,000)

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