Question: Use Only the 2017 and 2018 financial data below to compute (properly) the Total variable Selling and Administrative Costs in 2018. Round to Nearest whole

Use Only the 2017 and 2018 financial data below to compute (properly) the Total variable Selling and Administrative Costs in 2018. Round to Nearest whole dollar. Use the Hi-Low Method.

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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