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Author Question: Georgiana operates a nail salon. She is trying to plan her costs for the next month and is uncertain ... (Read 4 times)

fungirl

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Question 1

International Imports is a merchandising firm. Last year, the company reported sales of $674,500 and cost of goods sold of $404,700. The company's total variable selling and administrative expense was $60,705, and fixed selling and administrative expense was $53,960. The total fixed costs for the firm are
◦ $458,660.
◦ $60,705.
◦ $404,700.
◦ $53,960.

Question 2

Georgiana operates a nail salon. She is trying to plan her costs for the next month and is uncertain of how to estimate those costs. Help her estimate next month's costs given the following information she collected, based on number of customers per month.

Number of Customers
1,3001,8001,5001,200
Nail supplies$4,030$5,580$4,650$3,720
Equipment Rental2,2002,2002,2002,200
Electricity    274    364    310    256
Total$6,504$8,144$7,160$6,176

If Georgiana estimates 1,400 customers next month, what is the estimated cost for nail supplies?
◦ $4,650
◦ $4,340
◦ $4,030
◦ $3,720


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Marked as best answer by fungirl on Feb 5, 2023

khudija

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fungirl

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


Chelseyj.hasty

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Reply 3 on: Yesterday
Excellent

 

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