Information for XYZ Inc: XYZ Inc. Income Statement For Quarter Ended March 31 Sales COGS $1,000,000 665,000 335,000 GM S&A exp: Selling Administration Operating income $ 107,000 118,000 $ 225,000 110,000 A widget sells for $50. Variable selling expenses are $4 per widget with the other selling expenses being fixed. The variable administrative expenses are 3% of sales with the remainder being fixed. The cost formula for S&A expenses with "X" equal to the number of widgets sold is