Because shipping expense is a mixed cost, the company needs to estimate the variable shipping expense per unit sold and the fixed shipping expense per quarter using the following data Required: 1. Using the high-low method, estimate a cost formula 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 at a selling price of $61 per unit. Prepare a contributiontformat income statement for the quarter. Using the high-low method, estimate a cost formula for shipping expense in the form Y=a+bX. (Round the Variable cost per unit to 2 decimal places.) In the first quarter of Year 3 , the company plans to sell 37,000 units at a selling price of $61 per unit. Prepare a contribution format income statement for the quarter. Total variable expenses Fixed expenses: