The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy
machine costs for the first eight months of the year.
| Month | Number of Copies | Total Copy Cost | |||||
| January | 40,000 | $ 3,500 | |||||
| February | 35,000 | $ 3,200 | |||||
| March | 60,000 | $ 4,100 | |||||
| April | 80,000 | $ 5,100 | |||||
| May | 85,000 | $ 5,600 | |||||
| June | 75,000 | $ 4,800 | |||||
| July | 82,000 | $ 5,300 | |||||
| August | 105,000 | $ 6,000 | |||||
Using the high-low method, what is the fixed cost per
month?
| Fixed cost | $ |
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The Aust Corporation has gathered the following data on its copy
machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 Using the high-low method, what is the variable cost per copy? (Round answer to 2 decimal places, e.g. 15.25.) Variable...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $ 3,500 February 35,000 $ 3,200 March 60,000 $ 4,100 April 80,000 $ 5,100 May 85,000 $ 5,600 June 75,000 $ 4,800 July 82,000 $ 5,300 August 105,000 $ 6,000 (a) Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of...
Using the high-low method, what is the fixed cost per month? Tool Content January February March...
Using the high-low method, what is the fixed cost per month?
Tool Content January February March April May June July August Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000
Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is...
Assuming the line intersects the y-axis at $2,000 and using the
January activity levels what is the equation of the line that would
be drawn for a scattergraph. (Round variable cost to 4 decimal
places, e.g. 15.2513 and fixed cost to 0 decimal places, e.g
1526.)
y= $_____/copy+$____
Month January February March April Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000...
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000...
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $4,100 $5,100 $ 5,600 $4,800 $5,300 $6,000 - Your answer is partially correct. Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 4 decimal places, e.g. 15.2513 and fixed cost to O...
please answer A - E! Thank you! 2-20 Scattergraph; high-low method; cost estimation (LO 2) The...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57.000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 (d) Using the high-low method, represent the cost function with a cost equation of the form y=mx+b. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57,000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 Ca) Your answer is incorrect. Assuming the line intersects the y-axis at $500 and using the July activity levels what is the equation of the line that would...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. + Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57.000 62.000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7.300 (a) of 5 0.65/5 June July August 62,000 68,000 71,000 $5,800 $6,500 $7,300 (a) Your answer is partially correct. Assuming the line intersects the y-axis at $500...
The Aust Corporation has gathered the following data on its copy machine costs for the first...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57,000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 Your answer is correct. Identify the high and low points. 7.300 The highest level of activity is The lowest number of activity is 71,000 and the highest total...
Using the high-low method, what is the fixed cost per month?
Tool Content January February March April May June July August Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000
Assuming the line intersects the y-axis at $2,000 and using the
January activity levels what is the equation of the line that would
be drawn for a scattergraph. (Round variable cost to 4 decimal
places, e.g. 15.2513 and fixed cost to 0 decimal places, e.g
1526.)
y= $_____/copy+$____
Month January February March April Number of Copies 40,000 35,000 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $ 4,100 $ 5,100 $ 5,600 $ 4,800 $5,300 $ 6,000...
Number of Copies 40,000 35,000 Month January February March April May June July August 60,000 80,000 85,000 75,000 82,000 105,000 Total Copy Cost $3,500 $3,200 $4,100 $5,100 $ 5,600 $4,800 $5,300 $6,000 - Your answer is partially correct. Assuming the line intersects the y-axis at $2,000 and using the January activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 4 decimal places, e.g. 15.2513 and fixed cost to O...
please answer A - E! Thank you!
2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57.000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 (d) Using the high-low method, represent the cost function with a cost equation of the form y=mx+b. (Round variable cost to 2 decimal places, e.g. 15.25 and fixed...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57,000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 Ca) Your answer is incorrect. Assuming the line intersects the y-axis at $500 and using the July activity levels what is the equation of the line that would...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. + Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57.000 62.000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7.300 (a) of 5 0.65/5 June July August 62,000 68,000 71,000 $5,800 $6,500 $7,300 (a) Your answer is partially correct. Assuming the line intersects the y-axis at $500...
The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month January February March April May June July August Number of Copies 46,000 42,000 58,000 64,000 57,000 62,000 68,000 71,000 Total Copy Cost $4,600 $4,400 $5,300 $6,300 $5,000 $5,800 $6,500 $7,300 Your answer is correct. Identify the high and low points. 7.300 The highest level of activity is The lowest number of activity is 71,000 and the highest total...
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