please fully answer the exact question.

On average, a book sells for 60. Variable selling expenses are per book with the remaining selling expenses being fixed. The variable expenses are 3% of sales with the remainder being fixed. the cost formula for selling and adminstrative expenses woth X equal to the nunber of books sold

ACCT-132-33-Bux Chapter 1 Homework Connect - Ca MRT 335-Rex + newconnecteducation.com/flow/connect.html Chapter 1 Homework An income statement for Sam's Bookstore for the first quarter of the year is presented below. 14 San's Bookstore Income Statement For Quarter Ended March 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $540,000 545,00 295,000 $116,000 136,00 252.000 $ 43,000 Beerence On average, a book sells for $60. Variable selling expenses are $4 per book with the remaining selling expenses being fed. The The cost formula for selling and administrative expenses with equal to the number of books sold is Mr Choice O Y -568.200 - $5.80% O O Y568200 - 5400X O O Y = $170,000 - $5.BOX O Y 0000 - 5760% O DELL An income statement for Sams Bookstore for the first quarter of the year is presented below. Sam's Bookstore Income Statement For Quarter Ended March 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Selling Administration Net operating income $340,000 545,000 295,000 $116,000 136,000 252.000 $ 43,000 On average, a book sells for $80. Variable selling expenses are 54 per book with the remaining selling expenses being feed the vale d e expenses are h e rencer en Bed The cost formula for selling and administrative expenses with 'X' equal to the number of books soldi Multiple Choice Y568.200 - $5 BOX Y-S68.200 - $40X Y $70.800 - $5.BOX Y-$170,800 - 5760X 20 m Next >