I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.)Operating expenses = $_________ X + $____________ Sales Revenue750000$200J Bryant, Ltd. is a local coat retailer. The store's accountant prepared the following income statement for the month e fariable ExpensesJanuary 31:Cost of Goods Sold525000 i140Sales revenue$ 750,000Administrative Expense45000 i12Cost of goods sold525,000Selling Expense22500 i$6Gross margin225,000Total Variable Expenses592500 i158Operating expenses$ 41,060Contribution Margin$Selling expense15750042Administrative expense68,600109,660FIxed ExpensesNet operating income$ 115,340Selling Expense18560 iAdministrative Expense23600 iBryant sells its coats for $200.00 each. Selling expenses consist of fixed costs plus a commission of $6.00 per coat.Administrative expenses consist of fixed costs plus a variable component equal to 6% of sales.Total Fixed Expenses42160 iOperating Income115340

Name: I need help figuring out the operating expenses Using the format y =
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Description: I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.)Operating expenses =

Income statement: The income statement determines the net income of the business by subtracting the…

Business

Accounting

I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) Operating expenses = $_________ X + $____________

I need help figuring out the operating expenses Using the format y = mx + b, develop a cost formula for total expenses. (Round unit cost to 2 decimal places, e.g. 52.75 and all other answers to 0 decimal places, e.g. 5,275.) Operating expenses = $_ X + $____

Financial And Managerial Accounting

15th Edition

ISBN:9781337902663

Author:WARREN, Carl S.

Publisher:WARREN, Carl S.

Chapter5: Accounting For Retail Businesses

Section: Chapter Questions

Problem 41E: Cost of goods sold and related items The following data were extracted from the accounting records...

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