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Honey Corporation, a merchandising company, reported the following results for January: Number of units sold 5800 Selling price per unit $892 Unit cost of goods
Honey Corporation, a merchandising company, reported the following results for January:
Number of units sold 5800
Selling price per unit $892
Unit cost of goods sold $517
Variable selling expense per unit $31
Total fixed selling expense $152600
Variable administrative expense per unit $48
Total fixed administrative expense $390200
Required: (a) the total variable cost;
(b) the total fixed cost;
(c) the total cost;
(d) gross profit;
(e) total selling and administrative costs; and
(f) Net income
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