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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 | 4 | $ 1,200 |
February | 7 | $ 1,700 |
March | 5 | $ 1,100 |
April | 6 | $ 1,400 |
May | 8 | $ 1,700 |
June | 9 | $ 2,700 |
July | 2 | $ 600 |
2. Using the high-low method, estimate the cost formula for shipping expense.
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