$33.$ Internet Project: Variable and Fixed Costs. Using the Internet, find the annual report of one retail company and one

manufacturing company. Print out each company$$s income statement. $($Hint: The income statement is often called the

statement of operations or statement of earnings.$)$

Required:

$1.$ Review each income statement and provide an analysis of which operating costs are likely to be variable and which are

likely to be fixed. Include copies of both income statements when submitting your answer.

$2.$ How would you expect a retail company$$s mix of variable and fixed operating costs to differ from that of a

manufacturing company?

$3.$ How might the managers of these companies use cost behavior information?