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Home Q & A Board Other Fields Homework Help Business Accounting
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anonkah anonkah
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A year ago
King Comics is a wholesaler of popular comic books. The company's records indicate the following financial results:

Current YearPrevious Year
Units Sold50,00040,000
Sales revenue$250,000$200,000
Cost of goods sold 175,500 140,000
Gross margin  74,500  60,000
Operating expenses   23,500   20,000
Net operating income$  51,000$  40,000

Using the high-low method, what is the company's estimated variable and fixed components of operating expenses?
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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ikiddingikidding
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A year ago
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