also:

using the high low method:

- seperate each mixed expense into variable and fixed lements

- state the cost formula for each mixed expense

& redo the companys income statement at the 5600 unit level of activity using the contribution format

5 Morrisey & Brown, tid, of Sydney, Australia, is a merchandising that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the the most recent months follow GI, ta Garte DO S. 45 9.00 MESTO, 00 00 >2000 Sale in units Sales Les Cast af goods rest Lost Operating Advertising pense Shipping Series and commissions Insurance wense Depreciation Total rating Tint Incom 21.500 21.00 16,00 1,000 11.000 19. 6. 5,500 1 15. TON 1 A$9.500 15.000 21.00 21.10 40 3. 2.20 15 10.10 10 M5,000 AL 1700 (Note: Mornsey & Brown. Ltd Australian formatted income statement has been recost into the format common in Canada The Australian dollar is denoted by A$) Required: 1. Identify each of the company's expenses including cost of goods solch es being variable, fixed or med Classification Expenses Cost of goods sold Artisg expense Shipping ewens Sammen 5 Morrisey & Brown, tid, of Sydney, Australia, is a merchandising that is the sole distributor of a product that is increasing in popularity among Australian consumers. The company's income statements for the the most recent months follow GI, ta Garte DO S. 45 9.00 MESTO, 00 00 >2000 Sale in units Sales Les Cast af goods rest Lost Operating Advertising pense Shipping Series and commissions Insurance wense Depreciation Total rating Tint Incom 21.500 21.00 16,00 1,000 11.000 19. 6. 5,500 1 15. TON 1 A$9.500 15.000 21.00 21.10 40 3. 2.20 15 10.10 10 M5,000 AL 1700 (Note: Mornsey & Brown. Ltd Australian formatted income statement has been recost into the format common in Canada The Australian dollar is denoted by A$) Required: 1. Identify each of the company's expenses including cost of goods solch es being variable, fixed or med Classification Expenses Cost of goods sold Artisg expense Shipping ewens Sammen