oblem 64(LO1CC1,3,6,LO2CC10,11)(45 minutes) Cost of goods sold Advertising expense Shipping expense Salaries and commissions Insurance expense- Depreciation expense Analysis of the mixed expenses: High level of activity Shipping Expens Low level of activity Change Variable cost element: Fixed cost element: Cost at high level of activity Less variable cost element: units x per unit units x per unit Fixed cost element The cost formulas are: Shipping expense: Shipping Salaries and Eypense Commission Ei Y= Salaries and Commisions or Y= oblem 64(LO1CC1,3,6,LO2CC10,11)(45 minutes) Cost of goods sold Advertising expense Shipping expense Salaries and commissions Insurance expense- Depreciation expense Analysis of the mixed expenses: High level of activity Shipping Expens Low level of activity Change Variable cost element: Fixed cost element: Cost at high level of activity Less variable cost element: units x per unit units x per unit Fixed cost element The cost formulas are: Shipping expense: Shipping Salaries and Eypense Commission Ei Y= Salaries and Commisions or Y=