21 4-1 Problem Set: Module Four X CengageNOWv2 | Online teac X keAssignment/takeAssignmentMain.do?invoker=saved&takeAssignmentSessionLocator=assignment-take&inprogress=false eBook Show Me How Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $186 per unit during the current year. Its income statement is as follows: Sales $186,000,000 Cost of goods sold (101,000,000) Gross profit $85,000,000 Expenses Selling expenses $16,000,000 Administrative expenses 6,600,000 Total expenses (22,600,000) Operating income $62,400,000 The division of costs between variable and fixed is as follows: Variable Fixed Cost of goods sold 70% 30% Selling expenses 5% 25% Administrative expenses 50% 50% Management is considering a plant expansion program for the following year that will permit an increase of $9,300,000 in yearly sales. The expansion will increase fix costs by $3,500,000 but will not affect the relationship between bales and variable costs. Required: 1. Determine the total variable costs and the total fixed costs for the current year. Total variable costs $ Total fixed costs $ 2. Determine (a) the unit variable cost and (b) the unit contribution margin for the current year. Unit variable cost $ Unit contribution margin $ Check My Work