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Check my Milden Company is a distributor who wants to start using a contribution format income statement for planning purposes. The company has analyzed its

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Check my Milden Company is a distributor who wants to start using a contribution format income statement for planning purposes. The company has analyzed its expenses and developed the following cost formulas: Cost of good sold Advertiaing expense Sales commiaaions Shipping expense $29 per unit sold $179,000 per quarter 8% of sales aries Insurance expense Depreciation expense $89,000 per quarter $9.900 per quarter 59,000 per quarter 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: Shipping Qua Year 1 Units Sold Expense First Second Third Tourth 25,000 169,000 27,000 184,000 32,000 226,000 28,000 $189,000 Year 2: Pirst Second Third Fourth 26,000 179,000 29,000 194,000 37,000 $241,000 34,000 $217,000 Required: Prev 2cf 2 Next

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