Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows:
| Sales revenue Don't use plagiarized sources. Get Your Custom Essay on mary smith sells gourmet chocolate chip cookies the results of her last month of ope 613980 Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT! Just from $10/Page | $50,000 |
| Cost of goods sold (all variable) | 26,000 |
| Gross margin | 24,000 |
| Selling expenses (20% variable) | 8,000 |
| Administrative expenses (60% variable) | 12,000 |
| Operating income | $ 4,000 |
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