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Problem 1-16A Cost Behavior; High-Low Method; Contribution Format Income Statement [LO1-4, LO1-5, LO1-6] Morrisey & Brown, Ltd., of Sydney is a merchandising company that is

Problem 1-16A Cost Behavior; High-Low Method; Contribution Format Income Statement [LO1-4, LO1-5, LO1-6] 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 companys income statements for the three most recent months follow:

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