Largest variable expenses for home improvement stores
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Identify and describe at least three of the largest variable expenses for home depot and Lowe's for each of the three most recent fiscal years. Explain what financial impact each of those expenses has had on the companies' margins and profitability in each year.
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Identify and describe at least three of the largest variable expenses for home depot and Lowe's for each of the three most recent fiscal years.
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Variable costs are those expenses that change with the amount of either production or sales. Generally, these costs increase because they are directly involved in either making the product or making the sale. Along with fixed costs, variable costs make up the two components of total cost. In many instances all costs associated with the production of a product or service are lumped together under the heading of 'cost of goods sold' (COGS).
Because Home Depot and Lowes are retail outlets, their primary expense will be the wholesale cost of the ...
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