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Suppose you want to split the cost of goods sold into a fixed cost and a variable cost. By reading the footnotes in the 10-K
Suppose you want to split the cost of goods sold into a fixed cost and a variable cost. By reading the footnotes in the 10-K you estimate that the variable part of the cost of goods sold is about 20% of sales in both 2014 and 2015. Estimate the fixed part of the cost of goods sold for 2014.
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