answer fast

Gallop Corporation prepared the following report for the first quarter of this year. Sales (@ $3, 080 per unit) $8, 408, 090 Less: Cost of goods sold 3,372, 090 Gross margin 5,028,060 Less: Selling expenses $1, 186, 980 Administrative expenses 1, 180, 080 2, 286,080 Income $2 742,906 Gallop's controller, Nancy Johnstone, studied the costs In detail, particularly focusing on cost behaviour. Her analysis revealed the following: . Fixed portion of the cost of goods sold for the quarter amounted to $1,132,000. . Of the selling expenses, 20% was variable with respect to the number of units. . All of the administrative expenses were fixed. Required: 1. Express the cost of goods sold and the selling expenses in terms of cost equations. (Round the "Variable cost" to 2 decimal places.) Cost of goods sold per quarter Selling expenses per quarter X