Question
Swifty/Davis Designs sells customized mobile phone covers. The companys controller prepared the following income statement for the upcoming monthly management meeting. Sales revenue $86,700 Cost
Swifty/Davis Designs sells customized mobile phone covers. The companys controller prepared the following income statement for the upcoming monthly management meeting.
Sales revenue | $86,700 | ||||
Cost of goods sold | $24,510 | ||||
Variable selling expenses | 5,315 | ||||
Variable general and administrative expenses | 17,860 | ||||
Total variable expenses | 47,685 | ||||
Contribution margin | 39,015 | ||||
Fixed selling expenses | 5,100 | ||||
Fixed general and administrative expenses | 17,100 | ||||
Total fixed expenses | 22,200 | ||||
Operating income | $16,815 |
(a)
Assume that Swifty/Davis sells its phone covers for $17 each. How many covers did the company sell? (Round answer to 0 decimal places, e.g. 5,275.)
Number of covers sold | enter the number of covers sold rounded to 0 decimal places |
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