Identify variable and fixed costs

Question 1. Income Statement Screenshot Income Statement Pasted “Walmart Inc. Consolidated Statements of Income” (Amounts in millions, except per share data) Revenues: Net sales Membership and other income Total revenues Costs and expenses: Cost of sales Operating, selling, general and administrative expenses Operating income Interest: Debt Finance lease Interest income Interest, net Loss on extinguishment of debt Other (gains) and losses Income before income taxes Provision for income taxes Consolidated net income Consolidated net income attributable to noncontrolling interest Consolidated net income attributable to Walmart Net income per common share: Basic net income per common share attributable to Walmart Diluted net income per common share attributable to Walmart Weighted-average common shares outstanding: Basic Diluted Dividends declared per common share

Question 2. Identify variable and fixed costs
Variable costs: Cost of sales and Operating, selling, general and administrative expenses. Fixed costs: Debt, Financial lease, Loss on extinguishment of debt, and income tax

Question 3. Calculate variable cost The last fiscal year was 2022 which ended January 31st 2022 Walmart has about 10,600 locations worldwide, considering that and it’s e-commerce industry, it is safe to say Walmart sells a total of 1,400,000,000 products each year. Variable costs = cost of sales + Operating, selling, general and administrative expenses = 429,000,000,000 + 117,812,000,000 = 546,812,000,000 Variable costs per unit = total variable costs / total number of products sold = $546,812,000,000 / $1,400,000,000 = $ 390.58