lem 6A-7 Cost Behavior, High-Low Method: Contribution Format Income Statement LO6-10j Monisey & Brown. Ltd of Sydney is a merchandising compamy that is the sole among Australan consumess The company's income statements for the three mosd tecent months follow disthibutor of a peoduct 1 that is increasing in populaily 9.63 Required: fixed or 2. Using the gh- ow method, sepate each mxed exne into vaniable and fieed elements. Express the variable and fieed poitioms 3. Redo the company's income statement at the 8,500nt kevel of acivity uing the contuibution format