ise 1 1 X f ALL ANSWERS IN YELLOW MUST BE ENTERED AS A FORMUL DE Jay Corporation has decided to prepare contribution income statements for internal planning. 2 ALL ANSWERS IN YELLOW MUST BE ENTERED AS A FORMULA 3 Budgeted information for Quarter 1 of Year 3: 4 Sales in units 17.000 5 Sales price per unit 48.00 7 After analyzing expenses, the company has determined the following cost patterns. 8 Variable Cost of Goods Sold (per unit) 29.00 9 Sales Commissions (per dollar of sales) 9.50% 10 11 Fixed Manufacturing Overhead (per quarter) 45,000.00 12 Administrative Salaries (per quarter) 27,000.00 13 Depreciation Expense (per quarter) 36,000.00 15 Shipping Cost has been determined to be mixed with the following costs for the past two years: 17 Year 1 18 Quarter 1 19 Quarter 2 20 Quarter 3 21 Quarter 4 22 Year 2 Quarter 1 24 Quarter2 Total Cost 67,000.00 94,000.00 89.800.00 92,600.00 Units 12,500 21,000 13,800 20.000 23 72,500.00 80,000.00 13,700 14.000 Sheet1 Prey 1 of 1 Next > MacBook Pro F2 F3 F4F5F6F7F8 ology Canvas Saved Exercise NVM LUV VUI 22 Year 2 23 Quarter 1 24 Quarter2 25 Quarter 3 26 Quarter 4 72,500.00 80,000.00 84,000.00 100,000.00 13,700 14,000 14,300 22,500 28 Use the data to answer the following. 30 1. Using the high-low method, determine a cost formula for shipping expenses. Total Shipping Cost Units 33 High level of activity 34 Low level of activity 35 Change in activity 37 Variable shipping cost per unit per unit 39 Fixed shipping cost: (Note: please use the highest activity point to compute the total fixed cost.) 40 Total shipping cost at high level of activity 41 Less: Variable shipping cost at high level of activity 42 Total fixed shipping cost ) ... Sheet1 ... + READY Attempt(s)