1 pts Question 11 Jalen Hurts Company, based in Philadelphia, is a merchandising firm that sells custom jerseys The company's revenues and expenses for the last three months are given below: January February Marc 3,000 4,000 5,000 Sales in Units $696,000 $928,000 $1,160,000 Sales Revenue $313,200 Cost of Goods Sold $417,600 $522000 Gross Margin $382.800 $510,400 $638,000 SG & A Expenses Shipping Expense $110,000 $145,000 $174,000 Advertising Expense $46,000 $46,000 $46,000 Salaries and Commissions $154,000 $200,000 $240.000 Insurance Expense $15.000 $15,000 $15.000 Depreciation Expense $48.000 $48.000 $48,000 MacBook SG & A Expenses $110,000 $145,000 $174,000 Shipping Expense $46,000 $46,000 $46,000 Advertising Expense $240,000 $154.000 $200,000 Salaries and Commissions $15,000 $15,000 $15.000 Insurance Expense $48,000 $48,000 Depreciation Expense $48,000 Total SG&A $373,000 $454,000 $523,000 Net Operating Income $9,800 $56,400 $115,000 Using the high-low method, determine the cost function for shipping expenses. Y- 11,000+ 10X Y - 14000 -32 Y - 5,000 + 35X Y29,000 + 29X