B D E F G H K L M 1 Function: SLOPE, INTERCEPT; Cell Referencing 2 3 Using Excel to Determine a Cost Equation Using the High-Low 4 Method 5 PROBLEM 6 Markowis Corp. has collected the following data concerning its 7 maintenance costs for the past 6 months. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area in the input cells in part a. In part b, use the SLOPE and the INTERCEPT functions with cell referencing to the work arca. 8 9 10 11 a. Select the data to use under high-low method. 12 13 July August September October November December Units Produced 18,000 32,000 36,000 22,000 40,000 38,000 Total Cost S 36,000 45,000 55,000 38,000 74,500 62,000 High Low Units Total Cost 38,000 $ 62,000 18,000 36,000 14 15 16 b. Compute the variable- and fixed-cost elements using Excel's SLOPE and INTERCEPT functions. 17 18 Variable cost S 1.51 per unit 19 20 21 Total fixed costs S 4,830