You are recently employed as the Managerial Accountant of Forever Living, a company that has made significant progress in foods manufacturing and whose merchandizing division sells the company's finished products through its retail and online stores. During your few days in the office, the Chief Nut (fixed). .$3,000,000 Maintenance (mixed).............................. $1,75 0,000 For planning purpose, the company wants to analyze the maintenance cost into its variable and fixed cost elements. For the merchandizing business, you are also presented with the following results for same minarter A) For the manufacturing business, you are required to: i) Using the high-low method, estimate a cost formula for the maintenance cost (5 marks) ii) Predict the total factory overheads cost for October, November, and December at 80,000,100,000 and 120,000 activity levels respectively. (10 marks) ) For the retail and online stores, you are required to: i) Identify each of the company's expenses (including cost of goods sold) as either variable, fixed or mixed (10 marks) ii) Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (10 marks) iii) Redo the company's income statement for September using the contribution format (5 marks) You are recently employed as the Managerial Accountant of Forever Living, a company that has made significant progress in foods manufacturing and whose merchandizing division sells the company's finished products through its retail and online stores. During your few days in the office, the Chief Nut (fixed). .$3,000,000 Maintenance (mixed).............................. $1,75 0,000 For planning purpose, the company wants to analyze the maintenance cost into its variable and fixed cost elements. For the merchandizing business, you are also presented with the following results for same minarter A) For the manufacturing business, you are required to: i) Using the high-low method, estimate a cost formula for the maintenance cost (5 marks) ii) Predict the total factory overheads cost for October, November, and December at 80,000,100,000 and 120,000 activity levels respectively. (10 marks) ) For the retail and online stores, you are required to: i) Identify each of the company's expenses (including cost of goods sold) as either variable, fixed or mixed (10 marks) ii) Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (10 marks) iii) Redo the company's income statement for September using the contribution format