Problem 6A-7 (Algo) Cost Behavior; High-Low Method; Contribution Format Income Statement [LO6-10] Morrisey \& Brown, Limited, 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 thrae manew at months fonow. Required: 1. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods kolici variable, fixed, or mixed. 2. Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and hith of each mixed expense in the form Y=a+bX. 3. Redo the company's income statement at the 8,750-unit level of activity using the contribution format.: Complete this question by entering your answers in the tabs below. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods saidi) = either variable. fixed, or mixed. Complete this question by entering your answers in the tabs below. By analyzing the data from the company's income statements, classify each of its expensis (inciustion either variable, fixed, or mixed. Required: By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods sold) as elther variable, foxed, or mixed. 2. Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed porticans of each mixed expense in the form Y=a+bX 3. Redo the company's income statement ot the 8.750-unit level of activity using the contribution format: Complete this question by entering your answers in the tabs below. Ueing the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portiens of zach mi. the form Y=a+bX. (Round the Variable cost per unit to 2 decimal places.) Redo the company's income statement at the 8,750-unit level of activity using the contribution format