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Required information Skip to question Comparative income statements for Tofino Sporting Company (TSC) for the last two months are presented below: June July Sales in
Required information Skip to question Comparative income statements for Tofino Sporting Company (TSC) for the last two months are presented below: June July Sales in Units 9,800 10,200 Sales Revenue $147,000 $153,000 Less: Cost of Goods Sold $78,400 $81,600 Gross Margin $68,600 $71,400 Less: Operating Expenses: Rent $9,600 $9,600 Sales Commissions $11,760 $12,240 Maintenance Expenses $12,450 $12,550 Clerical Expenses $13,500 $13,500 Total Operating Expenses $47,310 $47,890 Operating Income $21,290 $23,510 All the company's costs are either fixed, variable, or a mixture of the two (that is, mixed). Assume that the relevant range includes all the activity levels mentioned in this problem. What is the total monthly fixed operating expense for TEC? Multiple Choice $47,890 $33,100 $47,310 $23,100
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