Assume a merchandising company provided the following income statements: May...
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Accounting
Assume a merchandising company provided the following income statements:
| May | June | July | |||||||||
| Sales in units | 4,800 | 5,000 | 5,500 | ||||||||
| Sales | $ | 168,000 | $ | 175,000 | $ | 192,500 | |||||
| Cost of goods sold | 86,400 | 90,000 | 99,000 | ||||||||
| Gross margin | 81,600 | 85,000 | 93,500 | ||||||||
| Selling and administrative expenses: | |||||||||||
| Advertising | 17,000 | 17,000 | 17,000 | ||||||||
| Shipping | 16,800 | 17,500 | 19,250 | ||||||||
| Salaries and commissions | 29,600 | 30,000 | 31,000 | ||||||||
| Total selling and administrative expenses | 63,400 | 64,500 | 67,250 | ||||||||
| Net operating income | $ | 18,200 | $ | 20,500 | $ | 26,250 | |||||
Which of the expenses shown in the income statements is behaving like a mixed cost?
Multiple Choice
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Advertising
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Salaries and commissions
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Cost of goods sold
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Shipping
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