PRINTER VERSION BACK NEXT Exercise 21-3 Moonbeam Company manufactures toasters. For the first 8 months of 2017, the company reported the following operating results while operating at 75% of plant capacity: Sales (350,700 units) $4,374,000 Cost of goods sold2,608,000 Gross profit Operating expenses Net income 1,766,000 840,300 $925,700 Cost of goods sold was 73% variable and 27% fixed; operating expenses were 83% variable and 17% fixed