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Required information George Caloz \& Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. a. Using the least-squares regression method, estimate the variable etching cost per unit and the total fixed etching cost per wee o. Express these estimates in the form Y=a+bX. 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: 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 7,500-unit level of activity using the contribution format. Milden Company is a distributor who wants to start using a contribution format income statement for planning purposes. The company has analyzed its expenses and developed the following cost formulas: Because shipping expense is a mixed cost, the company needs to estimate the variable shipping expense per unit sold and the fixed shipping expense per quarter using the following data: Required: 1. Using the high-low method, estimate a cost formula for shipping expense in the form Y=a+bX. 2. In the first quarter of Year 3 , the company plans to sell 21,000 units at a selling price of $50 per unit. Prepare a contribution format income statement for the quarter. Required information George Caloz \& Frres, located in Grenchen, Switzerland, makes luxury custom watches in small lots. One of the company's products, a platinum diving watch, goes through an etching process. The company has recorded etching costs as follows over the last six weeks: For planning purposes, management would like to know the variable etching cost per unit and the total fixed etching cost per week. If the company processes thirteen units next week, what would be the expected total etching cost? (Round your intermediate Iculations and final answers to 2 decimal places.)