Sue, of Sue's Sandwiches, sells sandwiches and soda from a sidewalk cart in a popular park near her home. Sets up her rented cart in the summers to raise money for college, Last month she sold $3,000 worth of product (sandwiches and sodas) to 300 customers. She spent $600 on the sandwich ingredients and buying the sodas wholesale. Her monthly costs are the following: Utilities = $60, Salary = $1,500, Advertising = $0, Insurance = $50, Interest = $0, Rent = $300, Depreciation = $0.

a. What are Sue's variable costs? Explain.

b. What is Sue's COGS? Explain.

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a What are Sues variable costs Explain 600 on the san... View the full answer