X2 El Question Completion Status (CLO-2) Costs that were incurred in the past and cannot be changed now or in the future are called (sunk costs. QUESTION 4 (CLO-3) Fluke Retail Company shows the following information for the period ended 31-8-2020: Selling price per unit $17 Variable administrative expense per unit $3 Total fixed administrative expense $4,000 Ending merchandise inventory $3,500 Variable selling expense per unit $7 Beginning merchandise inventory $1,300 Merchandise purchases $21,000 Total fixed selling expense $1,200 Number of units sold 5,000 Insert the correct numbers in the following sentences. Use numerals 0-9 only. Do not use commas, dollar signs, or decimal points unless instructed otherwise. The company's period expenses were s and gross profit margin was $ Net income was s MacBook Pro Remaining Time: 49 minutes, 45 seconds. Question Completion Status Beginning merchandise inventory Merchandise purchases Total foxed selling expense Number of units sold $1,300 $21,000 $1,200 5,000 Insert the correct numbers in the following sentences. Use numerals 0-9 only. Do not use commas, dollar signs, or decimal points unless instructed otherwise. The company's period expenses were s and gross profit margin was s Net income was s and contribution margins Total variable expenses amunted to s The company's operating leverage was 2.34 type 2.3). If revenue increases by $1700, net income will increase by (only for this answer you must round to one decimal,c.g., for % times operating leverage. Remaining Time: 49 minutes, 45 seconds. Question Completion Status Beginning merchandise inventory Merchandise purchases Total foxed selling expense Number of units sold $1,300 $21,000 $1,200 5,000 Insert the correct numbers in the following sentences. Use numerals 0-9 only. Do not use commas, dollar signs, or decimal points unless instructed otherwise. The company's period expenses were s and gross profit margin was s Net income was s and contribution margins Total variable expenses amunted to s The company's operating leverage was 2.34 type 2.3). If revenue increases by $1700, net income will increase by (only for this answer you must round to one decimal,c.g., for % times operating leverage