Assume a merchandising company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provided the following income statements: Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses Advertising Shipping Salaries and commissions Total selling and administrative expenses Net operating income May June July 4,800 $168,000 5,000 $175,000 5,500 $192,500 86,400 90,000 99,000 81,600 85,000 93,500 17,000 17,000 17,000 16,800 17,500 19,250 29,600 30,000 31,000 63,400 64,500 67,250 $18,200 $ 20,500 $26,250 Q.) What is the total estimated selling and administrative expense if the company sells 5,100 units? Multiple Choice $65.350