Author Question: International Imports is a merchandising firm. Last year, the company reported sales of $674,500 and ... (Read 12 times)

xman15. · **on:** Feb 5, 2023

Question 1

An example of a discretionary fixed cost is
◦ lease on warehouse space.
◦ sales commissions.
◦ number of bolts used.
◦ research and development costs.

Question 2

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 variable costs for the firm are
◦ $114,665.
◦ $404,700.
◦ $465,405.
◦ $60,705.

wangyichun · **Reply #1 on:** Feb 5, 2023

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