Question
Celtics Pro Shop is a merchandiser that provided the following information regarding its 2017 NBA World...
Celtics Pro Shop is a merchandiser that provided the following
information regarding its 2017 NBA World Champion sweatshirts
:
AMOUNT:
Number of units sold . . . . . . . . . . . . . . . . . . . . . . .
. 40,000
Selling price per unit . . . . . . . . . . . . . . . . . . . . . .
. . $30.
Variable selling expense per unit . . . . . . . . . . . . . . .
$4.
Variable administrative expense per unit . . . . . . . . .
$2.
Total fixed selling expense . . . . . . . . . . . . . . . . . . .
$80,000.
Total fixed administrative expense . . . . . . . . . . . . .
$60,000.
Beginning merchandise inventory . . . . . . . . . . . . . .
$48,000.
Ending merchandise inventory . . . . . . . . . . . . . . . .
$88,000.
Merchandise purchases . . . . . . . . . . . . . . . . . . . . .
$360,000.
Homework Answers
Answer #1
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