Question: 10 points Save Answer Use Only the 2017 and 2018 financial data below to estimate the FIXED COST to Variable cost ratio for Selling and
10 points Save Answer Use Only the 2017 and 2018 financial data below to estimate the FIXED COST to Variable cost ratio for Selling and Administrative Expenses in 2018. Round to the third decimal place. Use the Hi-Low Method but assume the estimated variable SGA cost is $0.09 per sales dollar. Year 2016 2017 2018 Total Revenue 5,354,000 6,423,000 7,424,000 Cost of Revenue 2,460,000 2,136,000 2,265,000 Gross Profit 2,894,000 4,287,000 5,159,000 Selling General and Administrative 410,000 395,000 431,000 Total Operating Expenses 3,017,000 2,948,000 3,184.000 10 points Save Answer Use Only the 2017 and 2018 financial data below to estimate the FIXED COST to Variable cost ratio for Selling and Administrative Expenses in 2018. Round to the third decimal place. Use the Hi-Low Method but assume the estimated variable SGA cost is $0.09 per sales dollar. Year 2016 2017 2018 Total Revenue 5,354,000 6,423,000 7,424,000 Cost of Revenue 2,460,000 2,136,000 2,265,000 Gross Profit 2,894,000 4,287,000 5,159,000 Selling General and Administrative 410,000 395,000 431,000 Total Operating Expenses 3,017,000 2,948,000 3,184.000
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