Problem 6: High-Low (4 points each, 20 points total) Butler Sales Company is a distributor that has an exclusive franchise to sell a particular product made by another company. Butler Sales Company's traditional format income statements for the last two years are given below: This Year Last Year Units sold 200,000 160,000 Sales revenue $1,000,000 $800,000 Cost of goods sold 700,000 560,000 Gross margin 300,000 240,000 Selling and administrative expense 210,000 198,000 Net operating income $90,000 $ 42.000 Selling and administrative expense is a mixture of fixed costs and variable costs that vary with respect to the number of units sold. Required: A. Using the High-Low method, estimate the company's selling and administrative variable cost per unit. Work: Answer A: B. Given the above, what is the total cost equation? Work: Answer B: c. Compute the company's contribution margin for this year. Work: Answer C: D. Provide the Total Profit equation. Answer D: Answer E: E. What is the breakeven in units? Work