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PLEASE SHOW FORMULA FOR THE ANSWERS Jay Corporation has decided to prepare contribution income statements for internal planning. After analyzing expenses, the company has determined

PLEASE SHOW FORMULA FOR THE ANSWERS
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Jay Corporation has decided to prepare contribution income statements for internal planning. After analyzing expenses, the company has determined the follnwing cost patterns. Shipping has been determined to be a mixed cost with the following total costs and units: Use the data to answer the following. (Use cells A4 to C26 from the given information to complete this question. All answers should be input and displayed as positive values.) 1. Using the high-low method, determine a cost formula for shipping costs. 2. Prepare a contribution margin income statement for Quarter 1 of 2024. 2. Prepare a contribution margin income statement for Quarter 1 of 2024

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