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 & Brown, Ltd. Income Statements For the Three Months Ended September 30 July August Sales in units 9.000 9,500 Sales 5945,000 $ 997,500 Cost of goods sold 567,000 598.500 Gross margin 378,000 399,000 Selling and administrative expenses: Advertising expense 30.000 30,000 Shipping expense 130,000 136.000 Salaries and commissions 165,000 173,000 Insurance expense 10.950 10.950 Depreciation expense 17.300 12.300 Total selling and administrative expenses 350.00 360,00 et operating income $ 23,950 $ 30,950 September 10,000 $1,050,000 630,000 420.000 30,000 142,000 181,000 10,950 17.300 382.1 $ Required 1. By analyzing the data from the company's 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 fed portions of each mixed expense in the form Ya+bX 3. Redo the company's income statement at the 10,000-unit level of activity using the contribution format X V NM B # commond Required: 1. By analyzing the data from the company's 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 fixed portions of each mixed expense in the form Y = a + bx. 3. Redo the company's income statement at the 10,000-unit level of activity using the contribution format Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Y = a + bx. (Round the Variable cost per unit to 1 decimal place.) Formula Shoping expense wes and commissions expense Variable Cost or unit por un Fixed Cost Y X V NM B # commond Required: 1. By analyzing the data from the company's 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 fixed portions of each mixed expense in the form Y = a + bx. 3. Redo the company's income statement at the 10,000-unit level of activity using the contribution format Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Y = a + bx. (Round the Variable cost per unit to 1 decimal place.) Formula Shoping expense wes and commissions expense Variable Cost or unit por un Fixed Cost Y
