Morisey & Brown, Limited, is the sole distributor of a product with growing sales. Its income statements for the three most recent

fonths follow:

Required:

$1$ By analyzing data from the company's income statements, classify each of its expenses $($including coat of goods sold$)$ as either

variable, fixed, or mixed.

Using the high$-$low method, separate each mixed experse into variable and fixed elements. Express the variable and fixed portions

of each mibed expense in the form $Y=a+bx.$

Fedo the company's income statement at the $7,500-$unit level of activity using the contribution format.

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Redo the company's income statement at the $7,500-$unit level of acthity using the contribution format.

Note: Pound your intermediate calculations to $1$ decimal place.