Reference no: EM133005273
Question - Bud's Automative purchases the vehicles (that it intends to sell) for his used car lot at an average cost of $3,250 per vehicle. They usually get these cars from a wholesaler. It costs Bud's Automative approximately $1,125 to get each of these vehicles ready for resale and this cost includes cleaning, preparations and any maintenance.
Bud's Automative sells each of its cars at an average price of $8,950.
Bud has a number of additional costs of doing business. Bud leases the car log for $1,000 a month and spends $1,200 for newspaper advertising per month. His sales people are paid a salary of $5,000 each for a total of $10,000 per month.
Last month 25 cars were sold.
(i) What is the per unit COGS for Bud?
(ii) What is the total COGS for Bud?
(iii) What is Bud's Automative total monthly fixed cost?
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