You are a consultant and a client approached you for advice. The client (Oasis)

You are a consultant and a client approached you for advice. The client (Oasis) is a wholesaler that distributes a single product. Oasis’s revenues and expenses for the last two months are given below: May June Sales in units………………………. 3,000 4,500 Sales revenue……………………….. $420,000 $630,000 Less Expenses: Cost of goods sold……………. 168,000 252,000 Advertising expense…………… 79,000 79,000 Salaries and commissions……. 151,000 199,000 Depreciation expense………….. 42,000 42,000 Total operating expenses……….. 272,000 320,000 Net operating income (loss)……. ($ 20,000) $ 58,000 Oasis’s management is targeting an operating income of $90,000 for the month of July. To give her the advice, you need to determine the followings: Determine which of the expense is variable, fixed, & mixed. Use the high-low method to separate each mixed expense into its variable and fixed components.