Problems: Set B

PROBLEMS: SET B

P$6-1$B McCure Corporation had a bad year in $2016,$ operating at a loss for the first time in its history. The company's income statement showed the following results from selling $200,000$ units of product: net sales $$2,400,000$; total costs and expenses $$2,472,000$; and net loss $$72,000.$ Costs and expenses consisted of the following.

$\backslash$table$[[\backslash$table$[[$Cost of goods sold$],[$Selling expenses$],[$Administrative expenses$]],$Total,Variable,Fixed$],[$$$1,486,000,$$$1,070,000,$$$416,000$