eBook Month Print Item Receiving Orders Receiving Cost 1 1,000 $18,000 2 700 3 15,000 28,000 1,500 4 1,200 17,000 1,300 25,000 6 21,000 1.100 1,600 7 29,000 8 1.400 24,000 27,000 o 1,700 10 900 16,000 Required: 1. On your own paper prepare a scattergraph based on the 10 months of data. Based on this does the relationship appear to be linear? 2. Using the high-low method, select a cost formula for the receiving activity. Using the cost formula, what is the predicted cost of receiving for a month in which 1,450 receiving orders are processed? 3. Prepare a cost formula for the receiving activity for a quarter Based on this formula, what is the predicted cost of receiving for a quarter in which 4,650 receiving orders are anticipated? Prepare a cost formula for the receiving activity for a year. Based on this formula, what is the predicted cost of receiving for a year in which 18,000 receiving orders are anticipated? Chart My Work