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Morrisey \& Brown, Limited, is the sole distributor of a product with growing sales. Its...

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Accounting

imageimageimageimage Morrisey \& Brown, Limited, is the sole distributor of a product with growing sales. Its income statements for the three most recent months follow: By analyzing data from the company's income statements, classify each of its expenses (including cost of goods sold) as either variable, fixed, or mixed. 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. Note: Round the Variable cost per unit to 2 decimal places. Redo the company's income statement at the 9,000 -unit level of activity using the contribution format. Note: Round vour intermediate calculations to 1 decimal nlace

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