cost accounting hi low method

Data Review View Developer Help Search File Home Insert AutoSave Page Layout . . . Formulas - 1 Question #1 The following data have been provided by a retailer that sells a single product:(16 Marks) s Units Sold 6 Sales Revenue Less: Cost of Goods This Year 200,000 $1,000,000 Last Year 150,000 $1,750,000 525,000 7 Sold 225,000 8 Gross Margin Less: Operating 9 Expenses 10 Operating Income 700,000 300,000 222,000 $78,000 210,000 $15,000 12 Required: Using the Hi-Low Method 13 a. What is the best estimate of the company's variable operating expenses per unit? ( 6 Marks) 14 2b. What is the best estimate of the company's total fixed operating expenses per yen? (5 Marks) Assignment Chapter 3 Question 1 Question 2