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Author Question: The Melina Corporation has gathered the following data on its copy machine costs for the first eight ... (Read 21 times)

isam

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on: Feb 5, 2023
The Melina Corporation has gathered the following data on its copy machine costs for the first eight months of the year.

MonthNumber of CopiesTotal Copy Cost
January60,000$ 7,400
February50,0006,500
March70,000 7,000
April90,000 9,200
May80,000 7,600
June100,000 8,500
July120,00010,000
August110,000 9,800

Required:

Use 5 decimals on 'per unit' amounts.
a.Prepare a scattergraph of the cost information and then choose a line that you believe
best represents the cost function. Represent your line with a cost equation of the form,
y = mx + b. Show your calculations.
b.Using the high-low method, what is the variable cost per copy?
c.Using the high-low method, what is the fixed cost per month?
d.Using the high-low method, represent the cost function in the form, y = mx + b.
e.Using your cost equation from part (d), provide your best estimate of the copy costs
for
September if 68,000 copies will be made. Why does your estimate differ from the
$7,000 cost incurred in March, when 70,000 copies were made rather than 68,000?
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by isam on Feb 5, 2023

athenaheim

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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isam

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Reply 2 on: Feb 5, 2023
:D TYSM

dawsa925

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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