$11$

Milden Company is a distributor that wants to start using a contribution format income statement for planning purposes. The company anolyzed its expenses and developed the following cost formulas:

Required:

Using the high$-$low method, estimote a cost formulo for shipping expense in the form $Y=a+bx$

$2$ In the first quarter of Year $3,$ the company plans to sell $37,000$ units ot a selling price of $$55$ per unit Prepore o contribution format income stotement for the quorter.

Complete this question by entering your answers in the tabs below. format income statement for the quarter.