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please hurry QUESTION 2 Question two. (6. points) Morrisey & Brown, Led, of Sydney is a merchandising company that is the sole distributor of product
please hurry QUESTION 2 Question two. (6. points) Morrisey & Brown, Led, of Sydney is a merchandising company that is the sole distributor of product that is inerentiis popularitymo Autisconomen. The company income statements for the three most recent month follow Morrivey & Brown, Ltd Income Statements For the Three Months Ended September 30 July August September Sales in it 4,000 4,500 5.000 Sales $400,000 $450,000 $500,000 Cost of goods sold 240,000 270,000 300,000 Chrow margin 160,000 180,000 200,000 Selling and administrative expenses Advertising expense 21,000 21.000 21,000 Shipping expense 36,000 38,000 42,000 Salaries and commissions 34.000 90,000 96,000 Insurance expense 6,000 6,000 6,000 Depreciation expense 15,000 15,000 15,000 Total selling and administrative expenses 162,000 170,000 180,000 Net operating income ($2,000) $10,000 $20,000 Required: 1. Identify each of the company's expenses (including cost of goods sold) as variable, fixed, or mixed 2. Using the high-low method, separate each mixed expense into variable and fixed elements
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