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The following income statements are provided for Li companys last two years of operation: assuming that the cost behavior did not change over the two
The following income statements are provided for Li companys last two years of operation: assuming that the cost behavior did not change over the two year period, what is the companys annual fixed general, selling, and administrative cost?
The following income statements are provided for Li Company's last two years of 2012 2013 Number of units produced and sold Sales revenue Cost of goods sold 3,700 4100 $69,700 55,760 49,960 Gross margin General, selling and administrative expenses 13,940 12,620 2,940 11,740 Net income $1,320 $1.200 Assuming that cost behavior did not change over the two year period, what is the O $11740 O $3100 O $12.620 $3,600 Step by Step Solution
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