Question
SHOW YOUR WORK PLEASE 3. Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations. Sales
SHOW YOUR WORK PLEASE
3.
Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations.
| Sales (2,000 televisions) | $900,000 |
| Cost of goods sold | 400,000 |
| Store manager's salary per year | 70,000 |
| Operating costs per year | 157,000 |
| Advertising and promotion per year | 15,000 |
| Commissions (4% of sales) | 36,000 |
What was the Penny's TV variable cost per unit sold?
| a. | $339 |
| b. | $200 |
| c. | $218 |
| d. | $235 |
| e. | $18 |
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
