What is the highest price per unit that Salley would pay an outside company for the housings? Now assume that all of the fixed overhead is allocated fixed overhead and will not be affected by making the product in-house or purchasing it. If Salley makes the housing in- house, net income will be $ _(Higher/Lower). 8. Rancor Company's accountant prepared the following income statement for the month of August. Card Inco Rancor Company Income Statement For the Month of August $912,200 601,920 $310,280 Sales revenue Cost of goods sold Gross margin Less: Selling expense Administrative expense Operating income 164,160 63,840 $ 82,280 Required: (Round to the nearest whole percent) Calculate the sales revenue percent B. Calculate the cost of goods sold percent Calculate the gross margin percent Calculate the selling expense percent Calculate the administrative expense percent Calculate the operating income percent ondon Camnoni nroduces two tones of gears Gear O and Gear S, with unit contribution margins