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PROBLEMS:SET B 1B McCune Corporation had a bad year in 2013, operating at a loss...

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Accounting

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PROBLEMS:SET B 1B McCune Corporation had a bad year in 2013, operating at a loss for the first time Comp o its history. The company's income statement showed the following results from selling under 00000 units of product: net sales $2,400,000; total costs and expenses $2,472,000; andaco net loss $72,000. Costs and expenses consisted of the following. (LO 1, Total Variable Fixed Cost of goods sold Selling expenses Administrative expenses $1,486,000 $1,070,000 $416,000 325,000 195,000 $2,472,000 $1,536,000 $936,000 681,000 305,000 356,000 110,000

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