Question 3 (1 point) ) Listen Wilson Company's activity for the first six months of the current year is as follows: Machine Hours Electrical Cost January 2,000 $1,560 February 3,000 2,200 March 2.400 1,750 April 1,900 1,520 May 1.800 1,480 June 2,100 1,600 7) Using the high-low method, what is the fixed portion of the electrical cost each month? O $400. $760. O $190. O $280.Question 6 (1 point) ) Listen An income statement for Crandall's Bookstore for the first quarter of the current year is presented below: CRANDALL's BOOKSTORE Income Statement for the First Quarter of the Current Year Sales $800,000 Less: Cost of Goods Sold - all variable 560,000 Gross Margin 240,000 Less: Operating Expenses: Selling $98.000 Administrative 98,000 196.000 Operating Income $44,000 On average, a book sells for $50. Variable selling expenses are $5.50 per book, with the remaining selling expenses being fixed. The variable administrative expenses are 3% of sales, with the remainder being fixed. What is the contribution margin for Crandall's Bookstore for the first quarter? $128,000. $240,000. O $688,000. C $152,000