Hello can someone help me with this please, question 2b is not done and question 3 the ones that are wrong. There is no option for total fixed costs
2 - 2. Using the high- low method , separate each mixed expense into variable and fixed elements . ( Do not round intermediate calculations . Round the " Fixed cost " to the nearest dollar amount and " Variable cost " to 2 decimal places . ! @ Answer is complete and correct . Variable Cost Fixed Cost Shipping expense* 3.80 0 |Per unit A` 19,000 0 Salaries and commissions PER EXPENSE ` | A` unit 25,000 0 A` PET unit A` 2- 6 . Using the high- low method , state the cost formula for each mixed expense . ( Do not round intermediate calculations . Round the* " answers to 2 decimal places . ) @ Answer is not complete . Shipping expense* OLY = 19,000 0 | + A` Salaries and commissions EXPENSE Oly = A` 25,000 0 | + A` Y's A` + A`3. Redo the company's income statement at the 6, Odd - unit level of activity using the contribution format . @ Answer is complete but not entirely correct . MORRISEY' & BROWN , LTD . Income Statement For the Month Ended September 30 Sales in units 6, 000 Sales revenue A` 6:24,000 0 Less : Variable EXPENSES ! Cost of goods sold @ | A` 372, 000 0 22, 800 0 @ Shipping expense Salaries and commissions EXPENSE* O 10, 200 0 Sales revenue $6.5. 600 @ Contribution margin 158, 400 0^ LESS : Fixed EXPENSES" Advertising EXPENSE 22,000 0^ Shipping expense 19,000 0 Salaries and commissions EXPENSE 25, 000 0 Insurance EXPENSE O 7,000 0 Depreciation expense O 16,000 0 Cost of goods sold $9, 000 Net income A$ 69, 400 09}Problem 6 - 4 Examining Cost Behaviour ; High - Low Analysis ; Contribution Margin Income Statement ( LOT - CC1 , 3, 6; 102 - CC9; LO3 - CC 12 ) Morrisey & Brown , Led ., of Sydney , Australia , is a merchandising firm that is the sole distributor of a product that is increasing in popularity among Australian consumers . The company's income statements for the three most recent months follow :` MORRISEY & BROWN , LTD . Income Statements For the Three Months Ending September 30 July August September Sales in units 5, 0.00 5.500 6,000 Sales revenue A$ 520, 000\\ A$ 572, 000\\ A$ 624, 000 Less : Cost of goods sold $10,000 341, 000 372, 000 Gross margin 210,000 231, 000 252,000 Less : Operating expenses Advertising EXPENSE 2 2, 000 2 2,000 Shipping expense* 40, 000 2 2,000 38,000 $ 1, 800 Salaries and commissions $4, 0.00 90, 000 95,800 Insurance expense* 7,000 7,000 Depreciation expense 16, 000 16, 000 Total operating expenses 167, 000 175, 000 182, 600 Net income A$ 43,000 A$ 56,000 A$ 60, 400 ( Note : Morrisey & Brown , Led .'S Australian-formatted income statement has been recast into the format common in Canada . The Australian dollar is denoted by A`` !"
