Question

Check my work Leslie Sporting Goods is a locally owned store that specializes in printing team jerseys. The majority of its business comes from orders for various local teams and organizations. While Leslie's prints everything from bowling team jerseys to fraternity/sorority apparel to special event shirts, summer league baseball and softball team jerseys are the company's biggest source of revenue. A portion of Leslie's operating information for the company's last year follows: Number of Jerseys Printed 215 195 230 Month January February March April May June July August September October November December Operating Cost $5,835 5,685 5,930 8,575 9,770 9,260 6,230 6,175 6,005 5,960 4,960 4,800 Required: 3. Using the high-low method, calculate the store's total fixed operating costs and variable operating cost per jersey. (Do not round your intermediate calculations. Round your "Variable Cost" answer to 2 decimal places and "Fixed Cost" answer to the nearest whole number.)

find the intercep

Answer 1

Month	No. of Jerseys	Operating costs
January	215	$5,835
February	195	$5,685
March	230	$5,930
April	550	$8,575
May	675	$9,770
June	655	$9,260
July	455	$6,230
August	375	$6,175
September	310	$6,005
October	230	$5,960
November	185	$4,960
December	175	$4,800
Hightest activity	675	$9,770
Lowest activity	175	$4,800
Difference	500	$4,970
Variable cost per unit		$9.94	(4970/500)
Fixed Cost =	9770 - 675*9.94
	$3,061
Equation	X = 3061 + 9.94Y