Morrisey & Brown, Lid. of Sydney is a merchandising company 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 Harrsey A Tiron, Ltd. Tocon Statements For the Three Month Ende September 38 7,500 5.712,500 422.500 285.000 Aut 6.000 3 760.000 September 3,500 5 2.500 484,500 323 300.000 Sales in units Sales Cost of goods sold Gross margin Selling and administrative expenses: Advertising expense Shipping expense Salaries and commissions Insurance expense Depreciation expense Total selling and Ministrative expenses Net operating incom 39,60 81,000 1315.000 6.100 19300 201.000 5 4.000 39.600 85,800 142,400 6.100 39,600 90,600 149,00 6,100 223,200 $10,000 305.400 $17.600 Required: 1. By analyzing the data from the company income statements, classify each of its expenses including cost of goods sold as either Variable, fixed, or mixed 2. Using the high low method, separate each mixed expense into variable and fixed elements Express the variable and hiked portions of each moxed expense in the form YX Complete this question by entering your answers in the tabs below. Required Required2 By analyzing the data from the company income statements, classy each of the expenses (including cost of goods sold) either variable, fixed, or mixed Cost of goods sold Advertising expense Shipping expense Salaries and como Insurance expense Depreciation expense Morrisey & Brown, Ltd. of Sydney is a merchandising company 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 Brotta Income Statements for the Three Months Ended September 30 uly Arest September Sales in units 7.500 8.000 Sales 5 712,500 $750,000 5 507.500 Cost of foods sold 427,500 456,000 484,500 Gross margin 265.000 30,209 323,000 Selling and adsinistrative expenses Advertising expense 39,600 39,600 39,600 Shipping expense 81,000 85,800 90,600 Solaries and commissions 135,000 142,400 149,00 Insurance expense 6.100 6.100 6,100 Depreciation expense 1930 19,300 Total selling and administrative expenses 281,000 293200 305,600 Net operating income 54.000 $ 19,800 $ 17,600 Required: 1. By analyzing the data from the company's income statements, classify each of its expenses including cost of goods sold is either variable, fixed, or mixed 2. Using the righ low method, separate cach mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Yox Complete this question by entering your answers in the tabs below. Required: Required 2 using the high low method separate each mixed expens into wariables and red elements. Express the variable and fixed portions of each mixed expenon. In the formy bx unit to 1 place Fed Coat Variable Cool perut per un Y
