Starlet Cosmetics manufactures and sells a face cream to small, family-run stores in the greater...
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Accounting
Starlet Cosmetics manufactures and sells a face cream to small, family-run stores in the greater Montreal area. It presents the monthly operating statement of comprehensive income to Franois , Garnier, a potential investor in the business. Help Garnier understand 's Starlet's cost structure.
| Starlet Cosmetics | ||
| Statement of Operating Income | ||
| For the Month of June | ||
| Units sold | 15,000 | |
| Revenue | $180,000 | |
| Cost of goods sold | ||
| Variable manufacturing costs | $97,500 | |
| Fixed manufacturing costs | 10,000 | |
| Total | 107,500 | |
| Gross margin | 72,500 | |
| Operating costs | ||
| Variable marketing costs | $6,900 | |
| Fixed marketing and administrative costs | 10,000 | |
| Total operating costs | 16,900 | |
| Operating income | $55,600 | |
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