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QUESTION 6 Your summer internship is for Tulip Gardening - a store that sells about 300 different types of plants. The store manager is concern
QUESTION 6 Your summer internship is for Tulip Gardening - a store that sells about 300 different types of plants. The store manager is concern that the downturn in the economy will put the store in a precarious situation. You offer to analyze the cost structure of the company to help put the store manager at ease. The store manager provides you with the following historical information. What sales revenue does the store need to generate in order to breakeven? Revenue 400,000 Variable Cost 250.000 Contribution Margin 150,000 Fixed Cost 120.000 Operating Income 30,000 QUESTION 7 Below is an expert from a company's income statement for the first quarter. What is the cost behavior associated with each expense? (Each cost behavior can be used once, multiple times, or not at all.) January February March Units Sold 6,000 8,000 5,000 900 1,100 2,400 1,800 960 800 1,500 960 960 Depreciation Expense Accounting Expense Advertising Expense Depreciation Expense Accounting Expense Advertising Expense A. Mixed Cost B. Fixed Cost C. Variable Cost
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