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Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following: This Year Last Year Units Sold 250,000 200,000 Sales $
Compton Corporation is a wholesale distributor of educational CD-ROMs. The company's records indicate the following:
This Year | Last Year | |
---|---|---|
Units Sold | 250,000 | 200,000 |
Sales | $ 1,250,000 | $ 1,000,000 |
Cost of goods sold | 875,000 | 700,000 |
Gross margin | 375,000 | 300,000 |
Selling and administrative expenses | 222,000 | 210,000 |
Net operating income | $ 153,000 | $ 90,000 |
Using the high-low method of analysis, what are the company's estimated total fixed selling and administrative expenses per year?
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