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Use this income statement to answer the questions that follow. $5,200 3,432 1,768 Sales ($50 per unit) Less: Cost of goods sold ($33 per unit)

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Use this income statement to answer the questions that follow. $5,200 3,432 1,768 Sales ($50 per unit) Less: Cost of goods sold ($33 per unit) Gross margin Less operating expenses: Salaries Advertising Shipping ($5 per unit) Operating Income $588 300 520 1,408 $360 (a) What is the variable cost per unit? Variable cost per unit $

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