High-Low Points Method. Last year, total operating expenses for Batsnip, Inc., were $440,000 in February, when sales
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High-Low Points Method. Last year, total operating expenses for Batsnip, Inc., were $440,000 in February, when sales were $600,000, the lowest for the year, and $1 million in December, when sales were $2 million, the highest for the year. Determine the following:
a. Variable operating expenses as a percentage of total sales.
b. Fixed operating expenses per month.
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