Biology Forums - Study Force

Other Fields Homework Help Accounting Topic started by: anonkah on Jan 18, 2023



Title: King Comics is a wholesaler of popular comic books. The company's records indicate the following ...
Post by: anonkah on Jan 18, 2023
King Comics is a wholesaler of popular comic books. The company's records indicate the following financial results:

Current YearPrevious Year
Units Sold50,00040,000
Sales revenue$250,000$200,000
Cost of goods sold 175,500 140,000
Gross margin  74,500  60,000
Operating expenses   23,500   20,000
Net operating income$  51,000$  40,000

Using the high-low method, what is the company's estimated variable and fixed components of operating expenses?


Title: King Comics is a wholesaler of popular comic books. The company's records indicate the following ...
Post by: ikidding on Jan 18, 2023
Content hidden