Question: 1.) Classify the firm's costs as fixed, variable or semi-variable. a. Net Sales (sum of all products_ b. Costs of goods sold c. Gross margin

1.) Classify the firm's costs as fixed, variable or semi-variable.

a. Net Sales (sum of all products_

b. Costs of goods sold

c. Gross margin

d. Truck Rental Cost

e. Bad Debt Loss

f. Storage Rental Cost

g. Advertising Expense

h. Other Expenses

i. Total Expenses

j. Net Operating Profit

k.Other Income

l.Net Profit Before Tax

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