1 2 3 G H Question #3 The following data have been provided by a retailer that sells a single product:(15 Marks) 4 This Year Last Year 5 Units Sold 200,000 150,000 6 Sales Revenue $1,000,000 $1,750,000 Less: Cost of Goods 7 Sold 700,000 525,000 8 Gross Margin 300,000 225,000 Less: Operating 222,000 9 Expenses 210,000 10 Operating Income $78.000 $15,000 11 12 Required: Using the Hi-Low Method 13 a. What is the best estimate of the company's variable operating expenses per unit? ( 5 Marks) 14 b. What is the best estimate of the company's total fixed operating expenses per year? (5 Marks) 15 What is the best estimate of the company's contribution margin for this year? (5 Marks) 16