Business, 13.07.2019 00:40 KF16

The mortise company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
month cost hours
january $40,000 3,600
february 38,500 3,000
march 36,280 3,300
april 38,000 3,500
may 69,850 5,850
june 45,000 4,250
requirement a. what is the slope coefficient?
the slope coefficient is $
.
requirement b. what is the constant for the estimated cost equation?
the constant is $
.
requirement c. what is the estimated cost function for the above data?
= $
+ $
requirement d. what is the estimated total cost at an operating level of 3,100 hours?
the estimated total cost at an operating level of 3,100 hours is $

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The mortise company has assembled the following data pertaining to certain costs that cannot be easi...