Need help with online Accounting homework and quiz

Anonymous
timer Asked: Feb 24th, 2019
account_balance_wallet $40

Question Description

Hello friend,

I am currently taking an online course that I need help with. What I need done is the homework and quiz that is due really soon. This course is online, and you will be provided with the access to it. There is a syllabus and textbook that will be provided to you.

Attached are images that provide guidance on how to navigate the website, as well as what the homework looks like.

Chapter 2 Part II: Cost Behavior: Analysis and Use is what you'll click on.

is the thing you click on. COMPLETE BOTH THE HOMEWORK AND QUIZ. ONCE YOU ARE DONE WITH THE HOMEWORK, DO NOT SUBMIT IT DIRECTLY BUT ATTACH IT HERE.

ONCE AGAIN, COMPLETE THE HOMEWORK AND ATTACH IT HERE ONLY. IF YOU SUBMIT IT DIRECTLY I WILL BE FORCED TO ASK FOR A REFUND.

Need help with online Accounting homework and quiz
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Need help with online Accounting homework and quiz
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Need help with online Accounting homework and quiz
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Need help with online Accounting homework and quiz
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Need help with online Accounting homework and quiz
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Tutor Answer

SkilledTutorZiss
School: Carnegie Mellon University

Attached.

Data P2Part II-1:
Morrisey & Brown is a merchandising company that is the sole distributor of a product
that is increasing in popularity among consumers. The company's income statements
for the three most recent months follow:
MORRISEY & BROWN, LTD.
Income Statements
For the Three Months Ended September 30

Sales in units
Sales revenue
Less cost of goods sold
Gross margin
Less operating expenses:
Advertising expense
Shipping expense
Salaries and commissions
Insurance expense
Depreciation expense
Total operating expenses
Net operating income (loss)

July
August
Sept
4.000
4.500
5.000
$400.000 $450.000 $500.000
240.000 270.000 300.000
160.000 180.000 200.000
21.000
34.000
78.000
6.000
15.000
154.000
$6.000

21.000
36.000
84.000
6.000
15.000
162.000
$18.000

21.000
38.000
90.000
6.000
15.000
170.000
$30.000

Required:
1. Identify each of the company's expenses (including cost of goods sold) as either variable, fixed, or mixed.
2. Using the high-low method, separate each mixed expense into variable and fixed elements.
3. Redo the company's income statement at the 5,000 unit-level of activity using the contribution margin
format.

Solution Problem 2Part II-1
Requirement 1
MORRISEY & BROWN, LTD.
Analysis of Expenses
Cost of goods sold
Advertising expense
Shipping expense
Salaries and commissions
Insurance expense
Depreciation expense

Variable
Variable
Mixed
Mixed
Fixed
Fixed

Analysis of the mixed expenses:

High level of activity
Low level of activity
Change
Variable cost element:
Shipping expense
Salaries and commission expense
*Br...

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Review

Anonymous
Good stuff. Would use again.

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