select answer choice

Assume a merchandising company uses the high-low method to separate any mixed costs into their variable and fixed elements. It provided the following income statements May July 5,500 $ 192,500 99,800 93,500 June Sales in units Sales 4,800 5,800 $ 168,000 $ 175,800 Cost of goods sold 86,400 90,000 Gross margin 81,600 85,000 Selling and administrative expenses: Advertising 17,600 17,000 Shipping 16,800 17,500 Salaries and commissions 29,600 30,000 Total selling and administrative expenses 63,400 64,500 Net operating income $ 18,209 $ 20,500 What is the total estimated selling and administrative expense if the company sells 4,960 units? 17,000 19,250 31,800 67,250 $ 26,250 Multiple Choice $59.480 $60.880 Multiple Choice O $59,480 O $60,880 O $64,280 O $64,440