Portmann Company, operating at full capacity, sold 1,000,000 units at a price of $188 per unit during the current year. Its income statement is as follows: Sales Cost of goods sold Gross profit Expenses: Selling expenses Administrative expenses Total expenses $16,000,000 12,000,000 $188,000,000 (100,000,000) $88,000,000 (28,000,000) Operating income $60,000,000 The division of costs between variable and fixed is as follows: Fixed Variable

The division of costs between variable and fixed is as follows