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Roy Company sells cars' batteries for $15 each. The below are the single-step income statements of Roy Company for the two months June and July:
Roy Company sells cars' batteries for $15 each. The below are the single-step income statements of Roy Company for the two months June and July: June July Revenues Sales $75,000 $112,500 Expenses Cost of Goods Sold Rent Expense Utilities Expense Advertising Expense Total Expenses 25,000 3,000 11,500 1,500 37,500 3,000 16,500 1,500 58,500 41,000 $34.000 Net Income $54,000 Classify the Company's expenses as variable (VC), fixed (FC) or mixed (MC). * VC FC MC COGS Rent Utilities O Advertising For the expense classified as mixed cost, specify its variable cost element using the high-low method * Your answer For the expense classified as mixed cost, specify its fixed cost element using the high-low method * Your answer Assume that Roy Company sold 6,000 units during August, specify the total contribution margin. * Assume that Roy Company sold 6,000 units during August; specify the utilities expense amount of the month. * Your answer Assume that Roy Company sold 4,000 units during September; specify the cost of goods sold of the month. * Your answer Assume that Roy Company sold 2,000 units during October; specify the rent expense of the month. *
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