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 three most recent months follow: Required: 1. By analyzing the data from the company's income statements, classify cach of its expenses (including cost of goods sold) as either variable, fixed, or mixed. 2 Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Y=a+bX. 3. Redo the company's income statement at the 7,750 -unit level of activity using the contribution format. Complete this question by entering your answers in the tabs below. Required: 1. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods sold) as either variable, fixed, or mixed. 2. Using the high-low method, separate each mixed expense into variable and fxed elements: Express the variable and fixed portions of each mixed expense in the form Y=a+bX. 3. Redo the company's income statement at the 7,750-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 compary's income statements, classify each of its expenses (Including cost of goods sold) as ether variable, nxed, or mixed. Required: 1. By analyzing the data from the company's income statements, classify each of its expenses (including cost of goods sold) as either variable, foxed, or mixed. 2. Using the high-low method, separate each mixed expense into variable and fixed elements. Express the variable and fixed portions of each mixed expense in the form Y=a+bX 3. Redo the company's income statement at the 7,750 -unit level of activity using the contribuion format. Complete this question by entering your answers in the tabs below. Using the high-low metrod, separate each mixed expense into vanable and tixed elements. Express the variable and fixed portions of each mixe the form Y=a+bX. (Round the Variabie cost per unit to 2 decimar placess.) Redo the company's income statement at the 7,750-unit level of activity using the contribution format