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Determine the Mixed Cost equation utilizing the observed data in the table below. Number of Miles Mixed cost Month 'X' 'Y' Jan 9,922 $2,900
Determine the Mixed Cost equation utilizing the observed data in the table below. Number of Miles Mixed cost Month 'X' 'Y' Jan 9,922 $2,900 Feb 9,842 3,844 Mar 9,260 4,631 Apr 9,500 3,300 May 9,463 2,816 Jun 12,000 5,000 Jul 9,648 3,452 Aug 7,000 2,000 Sept 10,784 5,122 Oct 8,700 3,844 Nov 9,241 3,266 Dec 9,540 2,800 TOTALS 114,900 $42,975 Mixed Cost equation: If the company is budgeting 120,000 miles next year, what mixed cost should they anticipate: Include both variable cost and fixed cost.
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