Buds Automotive usually purchases the vehicles for his used car lot at an average cost...
90.2K
Verified Solution
Link Copied!
Question
Accounting
- Buds Automotive usually purchases the vehicles for his used car lot at an average cost of $3,250 per vehicle. It costs him approximately $2,250 to get each of these vehicles ready for resale and this cost includes cleaning, preparations and any maintenance.
Bud sells cars at an average price of $8,950. Bud leases the car lot for $1000 a month and spends $1200 for newspaper advertising per month. His sales people are paid a salary of a total of $10000 per month. Last month 30 cars were sold.
What is the per unit COGS for Bud?
What is the total COGS for Bud?
What is his monthly fixed cost?
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.