Assume the following information for a merchandising company: Number of units sold 19,900 Selling price per unit $ 30 Variable selling expense per unit $ 3 Variable administrative expense per unit $ 2 Fixed administrative expenses $ 50,000 Beginning merchandise inventory $ 24,000 Ending merchandise inventory $ 19,000 Merchandise purchases
Assume the following information for a merchandising company: Number of units sold 19,900 Selling price per unit $ 30 Variable selling expense per unit $ 3 Variable administrative expense per unit $ 2 Fixed administrative expenses $ 50,000 Beginning merchandise inventory $ 24,000 Ending merchandise inventory $ 19,000 Merchandise purchases
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Assume the following information for a merchandising company:
| Number of units sold | 19,900 |
|---|---|
| Selling price per unit | $ 30 |
| Variable selling expense per unit | $ 3 |
| Variable administrative expense per unit | $ 2 |
| Fixed administrative expenses | $ 50,000 |
| Beginning merchandise inventory | $ 24,000 |
| Ending merchandise inventory | $ 19,000 |
| Merchandise purchases | $ 344,000 |
What is the amount of total variable expenses?
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