Im not sure where to get the answers at for these questions and what did you do to get the answers? The highlighted boxes are the questions

1 1. Analyze a mixed cost using the high-low method. 2. Prepare an income statement for a merchandising company using the contribution format 7 - 3 FILE HOME High-Low Method: Contribution Format Income Statement - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW INSERT Sign in Call 11 -AA % M 3ook Paste 8 TU Cells Editing Clipboard Font A Alignment Number Conditional Format as Cell Formatting Table Styles Styles bo Quarter2 2 A19 D E 4 8 B 3 Budgeted information for Quarter I of Year 3: Sales in units 17.000 5 Sales price per unit s 48.00 6 7 After analyzing expenses, the company has determined the following cost patterns Variable Cost of Goods Sold (per unit) S 29.00 9 Sales Commissions (per dollar of sales) 9.50% 10 Fixed Manufacturing Overhead (per quarter) $ 45,000.00 12 Administrative Salaries (per quarter) $ 27.000.00 13 Depreciation Expense (per quarter) $ 36,000.00 14 15 Shipping Cost has been determined to be mixed with the following costs for the past two years 16 17 Year! Total Cost Units 11 Prev 1 of 1 Next O High-Low Method, Contribution Format Income Statement - Excel ? - 5 X FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Caibri 11 -A %6 Paste BIU- Cells Editing Alignment Number Conditional Format as Cell Formatting Table Styles Styles Clipboard Font C64 X D E - A B 15 Shipping Cost has been determined to be mixed with the following costs for the past two years: 16 17 Year 1 Total Cost Units 18 Quarter 1 $ 67,000.00 12,500 19 Quarter 2 $ 94,000.00 21,000 20 Quarter 3 S 89.800.00 13.800 21 Quarter 4 $ 92,600.00 20,000 22 Year 2 23 Quarter 1 $ 72 500.00 13,700 24 Quarter2 $ 80,000.00 14,000 25 Quarter 3 $ 84,000.00 14,300 26 Quarter 4 $ 100,000.00 22,500 27 28 Use the data to answer the following. 29 Prev 1 of 1 Next TRO 19 7 (20) 4 EXCEL Exercise Saved Paste BIU Cells Editing Alignment Number LUP Formatting Table Styles Styles Clipboard Font C64 B D E 28 Use the data to answer the following. 29 30 1. Using the high-low method, determine a cost formula for shipping expenses. 31 ces 32 Total Shipping Cost Units 33 High level of activity 34 Low level of activity 35 Change in activity 36 37 Variable shipping cost per unit 38 39 Fixed shipping cost: (Note: please use the highest activity point to compute the total fixed cost.) Total shipping cost at high level of activity Less: Variable shipping cost at high level of activity 42 Total fixed shipping cost per unit 40 41 43 44 2. Prepare a contribution margin income statement for Quarter 1 of Year 3. 45 46 47 48 Jay Corporation Budgeted Income Statement For Year 3 Quarter 1 50 Sales 51 Variable expenses: Sheet1 Paste BIU- Alignment Number Cells Editing URRI Pod LH Formatting Table Styles Styles Clipboard Font C64 X v B D E F es 46 Jay Corporation 47 Budgeted Income Statement 48 For Year 3. Quarter 1 49 50 Sales 51 Variable expenses: 52 Cost of goods sold 53 Sales commissions 54 Shipping expense (Variable portion) 55 Total variable expenses 56 Contribution margin 57 Fixed expenses: 58 Fixed Manufacturing Overhead 59 Administrative Salaries 60 Shipping expense (Fixed portion) 61 Depreciation expense 62 Total fixed expenses 63 Net operating income 65 66 67 Sheet1 Prev 1 of 1 Next