Sign In > Font fx FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW * Calibri 11 A A % Paste BIU- A 4 Alignment Number Conditional Format as Formatting Table Styles Cell Cells Editing Clipboard Styles 840 A B C D E F 01. Using the high-low method, determine a cost formula for shipping expenses. 1 2 Total Shipping Cost Units 3 High level of activity 84 Low level of activity 35 Change in activity 36 37 Variable cost 38 39 Compute the fixed cost portion using the high level of activity. $ 100,000.00 22,500 $ 67,000.00 12,500 S 33.000.00 10.000 vi 3.30 per unit + 40 Total cost at high level of activity 41 Less: Variable cost element 42 Total fixed cost 43 44 2. Prepare a contribution format income statement for Quarter 1 of Year 3. 45 33955 46 47 Jay Corporation Budgeted Contribution Format Income Statement