all answers must be entered as a formula

Cost Behavior, Operating Leverage, and Profitability Analysis - Excel FILE Paste S Clipboard HOME CSibri INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Alignment Number Conditional Format as Cell or-matting Table Styles Styles Cells Editing Jay Corporation has decided to prepare contribution income statements for 17,000 4 8 9 11 12 13 IS 22 23 24 25 27 Sales in units Sales price per unit After analyzing expenses, the com a has determined the followi cost tterns. Cost of Goods Sold (per unit) Sales Commissions (per dollar of sales) Administrative Salaries (per quarter) Rent Expense (per quarter) Depreciation Expense (per quarter) S S S S 29.00 9.50% 45,000.00 27,000.00 36,000.00 1. Pre are a contribution mar in income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Income Statement For Year 3, Quarter 1 Sales Variable expenses: Cost of goods sold Sales commissions Total variable expenses Contribution margin Sheetl