Business, 25.06.2019 15:40, brandistrothma

The following income statements are provided for li company's last two years of operation. data for year 1: number of units produced and sold- 4,500, sales revenue- $69,750, cost of goods sold- 41,700, gross margin- 28,050, general, selling, and administrative expenses- 17,500, net income- $10,550. data for year 2: number of units produced and sold- 4,100, sales revenue- $63,550, cost of goods sold- 38,000, gross margin- $25,550, general, selling, and administrative expenses- 16,300, net income- $9,250. assuming that cost behavior did not change over the two year period, what is the company's annual fixed general, selling, and administrative cost?

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The following income statements are provided for li company's last two years of operation. data for...