Please help me

Milden Company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level As an aid in planning, the company has decided to start using a contribution format ncome statement. To have data to prepare such a statement, the company has analyzed its expenses and has developed the folowing cost formulas: Cost of good sold Advertising expense Sales commissions $34 per unit sold $190,000 per quarter 7% ofsales o.. Shipping expense Administrative salaries Insurance expense Depreciation expense 100,000 per quarter $11,000 per quarter S70,000 per quarter Management has concluded that shipping expense is a mibxed cost, containing both variable and fixed cost elements. Units sold and the related shipping expense over the last eight quarters follow Year 1 First Second Third : Fourth 36,000$180,000 38,000$195,000 43,000$237,000 39.000 $200,000 Year 2: First Second Third Fourth 37.000 $190,000 40,000 $205,000 54,000 $252,000 51,000 $228,000 Milden Company's president would like a cost formula cenved for shipping expense so that a budgeted contibution format income statement can be prepared for the next quarter Required: 1. sing the high-low method, estimate a cost formula for shipping expense based on the data for the last Re using ihe high-tow method. estimate a cost formula for shipong e pense based. on tre cara tor tre as eight quarters above. Shipping Expense Units Sold High activity level Low activity level Change Variable cost per unit Fixed cost element per unit