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P 6 - 1 B McCure Corporation had a bad year in 2 0 1 6 , operating at a loss for the first time

P6-1B McCure Corporation had a bad year in 2016, operating at a loss for the first time in its history. The company's income statement showed the following results from selling 200,000 units of product: net sales $2,400,000; total costs and expenses $2,472,000; and net loss $72,000. Costs and expenses consisted of the following.
\table[[,Total,Variable,Fixed],[Cost of goods sold,$1,486,000,$1,070,000,$416,000
Problems: Set B
PROBLEMS: SET B
P6-1B McCure Corporation had a bad year in 2016, operating at a loss for the first time in its history. The company's income statement showed the following results from selling 200,000 units of product: net sales $2,400,000; total costs and expenses $2,472,000; and net loss $72,000. Costs and expenses consisted of the following.
\table[[\table[[Cost of goods sold],[Selling expenses],[Administrative expenses]],Total,Variable,Fixed],[$1,486,000,$1,070,000,$416,000

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