Question
Can you please help me answer the questions and provide a step-by-step solution? thx The manager of Trusty Car Inspection reviewed the monthly operating costs
Can you please help me answer the questions and provide a step-by-step solution? thx
The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900 for 900 inspections.
Requirement 1. Use the high-low method to calculate the variable cost per inspection.
Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.)
Requirement 2. Calculate the total fixed costs.
Select the formula and enter the amounts to calculate the total fixed costs. (Use the highest volume and its mixed cost to calculate the total fixed cost.)
1. Use the high-low method to calculate the variable cost per inspection. 2. Calculate the total fixed costs. 3. Write the equation and calculate the operating costs for 1,000 inspections. 4. Draw a graph illustrating your total cost under this plan. Show the costs at 900,1,000, and 1,300 inspections. (Use the high-low method for all calculations.) \begin{tabular}{|l|l|} \hline & = Total fixed cost \\ \hline \end{tabular}Step by Step Solution
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