Sales (@

$3,000

per unit)\ Less: Cost of goods sold\ Gross margin\ Less:\ Selling expenses\ Administrative expenses\ Income\

$8,400,000\ (3,282,000)/()\ 5,118,000

\

$1,068,200\ (1,090,000)/((2,158,200)/($2,959,800))

\ Gail's controller, Leanne Green, studied the costs in detail, particularly focusing on cost behaviour. Her analysis revealed the following:\ Fixed portion of the cost of goods sold for the quarter amounted to

$1,042,000

.\ Of the selling expenses,

20%

was variable with respect to the number of units.\ All of the administrative expenses were fixed.\ Required:\ Express the cost of goods sold and the selling expenses in terms of cost equations. (Round the "Variable cost" to 2 decimal places.)\ \\\\table[[Cost of goods sold,

Y=

,

$

,

1,042,000

,per quarter,+,

x

Gail's controller, Leanne Green, studied the costs in detail, particularly focusing on cost behaviour. Her analysis revealed the following: - Fixed portion of the cost of goods sold for the quarter amounted to $1,042,000. - Of the selling expenses, 20% was variable with respect to the number of units. - All of the administrative expenses were fixed. Required: 1. Express the cost of goods sold and the selling expenses in terms of cost equations. (Round the "Variable cost" to 2 decimal places.) 2. Redo the above income statement using a contribution marain approach. (Do not round intermediate colculations.)