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Question - Comparative income statements for Boggs Sports Equipment Company for the last two months are presented below:
July
August
Sales in Units
11,000
10,000
Sales Revenue
$165,000
$150,000
Less Cost of Goods Sold
72,600
66,000
Gross Margin
92,400
84,000
Less Operating Expenses:
Rent
12,000
Sales Commissions
13,200
Maintenance Expenses
13,500
13,000
Clerical Expense
16,000
15,000
Total Operating Expenses
54,700
52,000
Net income
$37,700
$32,000
All of the company's costs are either fixed, variable, or a mixture of the two (i.e., mixed). The company is a merchandising company. Assume that the relevant range includes all of the activity levels mentioned in this problem.
Required - If sales are projected to be 8,000 units in September, determine the total expected operating expenses?
A) $49,300. B) $46,600. C) $41,600. D) $44,750.
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