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Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:
Month | Units Shipped | Total Shipping Expense | ||
January | 30 | $ | 1,800 |
|
February | 60 | $ | 2,300 |
|
March | 40 | $ | 1,700 |
|
April | 50 | $ | 2,000 |
|
May | 70 | $ | 2,300 |
|
June | 80 | $ | 2,700 |
|
July | 20 | $ | 1,200 |
|
Required: Using the high-low method, calculate the equation of a cost line for the shipping expense for this company (Y = a + bX)
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