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Author Question: King Comics is a wholesaler of popular comic books. The company's records indicate the following ... (Read 17 times)

byomi

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on: Feb 5, 2023

Question 1

Complete the following table, identifying the following as fixed, variable or mixed cost.

​​Activity levelCost Behavior
​​5,000 Units6,000 Units7,000 UnitsF, V, M
Cost A$15,000$16,000$17,000​
Cost B5,0006,0007,000​
Cost C15,00015,00015,000​
Cost D10,00012,00014,000​
Cost E1,2001,3001,400​


Question 2

King Comics is a wholesaler of popular comic books. The company's records indicate the following financial results:

Current YearPrevious Year
Units Sold50,00040,000
Sales revenue$250,000$200,000
Cost of goods sold 175,500 140,000
Gross margin  74,500  60,000
Operating expenses   23,500   20,000
Net operating income$  51,000$  40,000

Using the high-low method, what is the company's estimated variable and fixed components of operating expenses?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by byomi on Feb 5, 2023

KAyteeBee1129

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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byomi

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Reply 2 on: Feb 5, 2023
Excellent

Jossy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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