Question
Mike Company has provided the following data -10 MARKS This Year Last Year Units Sold 400,000 350,000 Sales Revenue $1,300,000 $1,050,000 Less: Cost of Goods
Mike Company has provided the following data -10 MARKS
This Year
Last Year
Units Sold
400,000
350,000
Sales Revenue
$1,300,000
$1,050,000
Less: Cost of Goods Sold
910,000
735,000
Gross Margin
390,000
315,000
Less: Operating Expenses
272,000
260,000
Operating Income
$118,000
$55,000
What is the best estimate of the company's variable operating expense per unit?-5 Marks
What is the best estimate of the company's total fixed operating expense per year?5 Marks
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Hospitals What They Are And How They Work
Authors: Don Griffin, Donald J Griffin
3rd Edition
076372758X, 9780763727581
