Use the information provided, the high low method and the contribution margin approach to prepare a

contribution format income statement for $2024($you only have two levels of activity, $2023$ and $2024)$

Use your mixed cost formulas to create your contribution format statement.

Reference the DATA cell$($s$)$ as provided to complete your statement below. Format as numbers.

Round to $2$ decimal places where appropriate

Boyd sold $42$ units in $2023$

High Low Method $($Show all calculations$)$

Cost of Goods Sold

Step $1-$ Variable cost per unit

Step $2-$ Fixed Cost

Step $3-$ Mixed Cost Formula

Selling & Administrative Costs

Step $1-$ Variable cost per unit

Step $2-$ Fixed Cost

Step $3-$ Mixed Cost Formula