Baron Company Income Statement For the Year Ended December 31, 2017 Sales Cost of Goods Sold S360,000 Direct Materials (variable) Direct Labor(variable) Manufacturing Overhead (mixed) $74,400 40,800 58,000 173,200 186,800 Gross Margin Operating Expenses Commissions (variable) Shipping (variable) Advertising (fixed) Billing (mixed) Sales and Administrative Salaries (fixed) 30,720 9,000 A. Multiply the HIGHEST digit entered above 90,000 above by 1,000 and enter here enter the result B. Complete Requirement 2 below and insert result here 0,000 Total Operating Expenses Net Operating Income (Loss) elling price per unit is $15 and variable manufacturing overhead is $1 per unit. All variable expenses in the company vary in terms of units sold. here was no change in inventory levels between the beginning and end of the year. Baron's plant capacity is 40,000 units per year How many units of product did Baron sell in 2017? Sales in Units Billing Costs 24,196S 23,580 S 21,000S 20,780 S 23,000S equirement 2: illing costs for the past 5 years, along with total units sold is presented n the table to the right: 2016 2015 2014 2013 2012 5,700 5,690 5,360 5,290 5,506 se the high-low method to calculate the following: Show your work in this area: ANSWER: a. Variable billing cost per unit (5700-5360)/(24196-21000) 0.11 b. Total fixed billing costs (5700)-11(24196) 3,038 c. Total cost equation for billing costs 11x+3038 d. Determine total billing costs for 2017 based on the cost equation in 2c. above and the total number of units sold in 2017 Insert your answer for 2)d. in the income statement above in the blank provided for Billing (Unknown B)