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Author Question: The Melina Corporation has gathered the following data on its copy machine costs for the first eight ... (Read 18 times)

isam

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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?


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Marked as best answer by isam on Feb 5, 2023

athenaheim

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isam

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Reply 2 on: Feb 5, 2023
Gracias!


bigcheese9

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Reply 3 on: Yesterday
Wow, this really help

 

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