$($Click the icon to view the cost and other data$)$

Read the requirements.

Requirements

Which of the preceding costs is variable? Fixed? Mixed? Explain

Requirement $1.$ Which of the preceding costs is variable? Fixed? Mixed? Explain.

Using the high$-$low method, determine the cost function for each cost.

Combine the preceding information to get a monthly operating cost function for

the Shamrock Corporation.

Next month, Shamrock expects to use $480$ machine hours, have $80$

employees, and ship $8,700$ units. Estimate the total operating cost for the

Cost

Cost

month.

Maintenance

Health insurance

Shipping costs

Requirement $2.$ Using the high$-$low method, determine the cost function for each cost.

Begin by selecting the general formula that represents the linear cost function for each cost.

Maintenance

Health insurance

Shipping costs

Cost function

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