Homework Answers
Highest rental cost occured in february $ 2880 with the operating hours of 44
Lowest rental cost occured in June $ 2400 with the operating hours of 35
Variable cost per hour = ( 2880 - 2400 ) / ( 44 - 35 ) = 480 / 9 = $ 53.33 per hour
MOnthly FC = 2880 - ( 44 * 53.33 ) = $ 533.33
Cost equation = $ 53.33 * opearting hours + $ 533.33
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IMPORTANT: Please show your work for this problem by handwriting any supporting calculations on your own...
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I will not be graded on this question if you could please show
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