Gallop Corporation prepared the following report for the first quarter of this year. Sales (2.400 units @ $2.700 per unit) Less: Cost of goods sold Gross margin $6,480,000 3,232.000 3,248,000 Less Selling expenses $1,044,000 Administrative expenses 1,040,000 2,084,000 Income $ 1164,000 Gallop's controller, Nancy Johnstone, studied the costs in detail, particularly focusing on cost behaviour. Her analysis revealed the following Sudy percent of the cost of goods sold was variable with respect to the number of 9 < < Prev 29 29 Next E R T D F G K 0 V B N M V 411