Question - Penny's TV and Appliance Store is a small company that has the following information pertaining to current year operations.
Sales (2,000 televisions) $900,000
Cost of goods sold 400,000
Store manager's salary per year 70,000
Operating costs per year 157,000
Advertising and promotion per year 15,000
Commissions (4% of sales) 36,000
What was the Penny's TV variable cost per unit sold?
a. $339
b. $200
c. $218
d. $235
e. $18