A. ) Identify each of the company's expenses (including cost of goods sold) as being either variable, fixed or mixed.B.) What is the total cost equation? C.) Estimate total cost if sales = 75.000. Could you help me solve this case for my cost accounting class please? 

 

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McKey PLC has the following information available regarding costs and revenues for two recent months. Selling price is 20. Sales revenue Cost of goods sold Gross profit Less other expenses: Advertising September October 60.000 100.000 -36.000 -60.000 24.000 40.000 600 600 Utilities 4.200 5.600 Salaries and commissions 3.200 4.000 Supplies (bags, cleaning supplies, etc.) 320 400 Depreciation 2.300 2.300 Admin costs 1.900 1.900 Total Net income -12.520 -14.800 11.480 25.200 McKey PLC has the following information available regarding costs and revenues for two recent months. Selling price is 20. Sales revenue Cost of goods sold Gross profit Less other expenses: Advertising September October 60.000 100.000 -36.000 -60.000 24.000 40.000 600 600 Utilities 4.200 5.600 Salaries and commissions 3.200 4.000 Supplies (bags, cleaning supplies, etc.) 320 400 Depreciation 2.300 2.300 Admin costs 1.900 1.900 Total Net income -12.520 -14.800 11.480 25.200

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A Identifying Expenses as Variable Fixed or Mixed 1 Cost of Goods Sold COGS This expense is directly ... View the full answer