QUESTION 26 During its first year of operation, Cosmo Company incurred the following: Sales Units produced Units sold Direct materials used Direct labor used Rent on factory Administrative office salaries $350,000 5,000 4,000 $20,000 $40,000 $19,000 $120,000 The cost of goods sold for Cosmo Company is: A $56,000 B. $59,000 C. $68,000 D. $70,000 E. None of the above Toy Company makes two products: Sales price Variable cost per unit Contribution margin Big Cars $30 (12) $18 Little Cars $18 (8) $10 60% for Big Cars and 40% for Little Cars. How Annual fixed costs are expected to be $592,000. The relative sales mix of the products is many units (Big Cars and Little Cars combined) must Toy Company sell to break-even? A. 95,000 B. 90,000 C. 60,000 D. 40,000 E. None of the above