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Morrisey \& Brown, LImlted, of Sydney is a merchandising company that is the sole distributor...

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Accounting

image Morrisey \& Brown, LImlted, of Sydney is a merchandising company that is the sole distributor of a product that is Increasing In popularity among Australian consumers. The company's income statements for the three most recent months follow. Required: 1. By analyzlng the data from the company's Income statements, classlfy each of Its expenses (Including cost of goods sold) as elther varlable, fixed, or mlxed. 2 Using the high-low method, separate each mlxed expense Into varlable and fixed elements. Express the varlable and fixed portlons of each mlxed expense In the form Y=a+bX. 3. Redo the company's income statement at the 6,500-unit level of activity using the contribution format. Complete this question by entering your answers in the tabs below. Redo the company's income statement at the 6,500-unit level of activity using the contribution format

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