M & G TV and Appliance Store is a small company that has hired you to...
M & G TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 2017 operations.
| Sales
(1,800 televisions) |
$1,800,000 |
|
|
Cost of goods sold |
693,000 |
|
|
Store manager's salary per year |
275,000 |
|
|
Operating costs per year |
300,000 |
|
|
Advertising and promotion per year |
55,000 |
|
| Commissions
(2.5% of sales) |
45,000 |
What was the variable cost per unit sold for 2017?
Homework Answers
| Cost of goods sold per unit | 385 | =693000/1800 |
| Sales commission per unit | 25 | =45000/1800 |
| Variable cost per unit sold for 2017 | 410 |
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