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10% of cost of goods sold includes fixed manufacturing overhead. All operating expenses are fixed...

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Accounting

10% of cost of goods sold includes fixed manufacturing overhead. All operating expenses are fixed except commissions. $35,000 of commissions relates to Slava and $5,000 relates to Zirkova. The 20X2 sales revenue represented sales of $400,000 for Slava and $320,000 for Zirkova. Slava sells for $10 per bottle and Zirkova sells for $4 per bottle. These are sales to the various liquor boards in each province. For example, in Ontario, sales are to the LCBO, which then marks up the product for sale to the consumer in its retail outlets.

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