answer in formula form example (=b5+c7)

All answers must be entered as a formula. Click OK to begin. Management has concluded that shipping expense is a mixed cost. Units shipped and the related shipping cost over the last eight quarters are: 28 Use the data to answer the following. 29 30 1. Using the high-low method, determine a cost formula for shipping expenses. A1 fx To aid in planning, Jay Corporation is preparing a contribution format income 1. Using the high-low method, determine a cost formula for shipping expenses. High level of activity Total Shipping Cost Units Low level of activity Change in activity Variable cost per unit Compute the fixed cost portion using the high level of activity. Total cost at high level of activity Less: Variable cost element Total fixed cost 2. Prepare a contribution format income statement for Quarter 1 of Year 3. Jay Corporation Budgeted Contribution Format Income Statement For Year 3, Quarter 1 A1 fr To aid in planning, Jay Corporation is preparing a contribution format income