ACCOUNTING
Multiple Choice
Penny’s TV and Appliance Store is a small company that has hired you to perform some management advisory services. The following information pertains to 20x3 operations.
Sales (2,000 televisions) $ 900,000
Cost of goods sold 400,000
Store manager's salary per year 70,000
Operating costs per year 157,000
Advertising and promotion per year 15,000
Commissions (4% of sales) 36,000
What was the variable cost per unit sold for 20x3?
a. $18
b. $218
c. $339
d. $200
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