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Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month
Below are the processing costs of Well Inc. observed for producing a type of vitamin C tablets in bottles over the last 6 months: Month Processing Cost 1 2 3 4 5 Units of bottles Produced 9500 13,000 17,000 7,500 11,000 8,500 $34,000 $42,000 $49,000 $28,000 $37,000 $30,000 6 Use the high low method to determine the variable cost per unit and fix cost per month. Express your results in the form of a linear equation y= a + bx. (15 marks)
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