Mirabella Cosmetics sold 10,000 units in June 2014 for total revenues of $100,000. Cost of goods sold, including variable and fixed manufacturing costs, totaled $75,000. Gross margin was $25,000. Operating costs of $15,000, consisting of variable marketing costs and fixed marketing/administrative costs, resulted in operating income of $10,000.
Mirabella Cosmetics sold 10,000 units in June 2014 for total revenues of $100,000. Cost of goods sold, including variable and fixed manufacturing costs, totaled $75,000. Gross margin was $25,000. Operating costs of $15,000, consisting of variable marketing costs and fixed marketing/administrative costs, resulted in operating income of $10,000.
Mirabella Cosmetics sold 10,000 units in June 2014 for total revenues of $100,000. Cost of goods sold, including variable and fixed manufacturing costs, totaled $75,000. Gross margin was $25,000. Operating costs of $15,000, consisting of variable marketing costs and fixed marketing/administrative costs, resulted in operating income of $10,000.