Fill in all the missing data for $37($a$).$

reported the following monthly cost data related to production equipment (this is the same data as the previous exercise): Reporting Period (Month) Total Costs Machine Hours January February March April May June July August September October November December Required: $920,000 600,000 500,000 1,140,000 620,000 880,000 910,000 960,000 980,000 45,000 25,000 20,000 90,000 95,000 30,000 38,000 48,000 78,000 51 ,ooo 96,000 54,000 37. a. Use the five steps of the scattergraph method to estimate the total fixed cost per month and the variable cost per machine hour. State your results in the cost equation form Y = f + vx by filling in the dollar amounts for f and v. b. What would the company's estimated costs be if it used 70,000 machine hours next month? c. What would the company's estimated costs be if it used 12,000 machine hours next month? Scattergraph Method Answers will vary depending on where the cost line is visually fit to the data points. a. The five steps are shown below. Step 1: Fill in the columns below to plot the data points in the graph that follows. (Points will automatically appear in the graph after you enter the data points below). Reporting Period (Month) January February March April May June July August September October N ovember December Answer for Answer for Total Costs Machine Total Costs $ 920 ooo Machine Hours 45,000 is: Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Hours is: Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect You are not required to draw the best fitting line below. Information is given on the next worksheet to enable you to finish the exercise without completing this step. reported the following monthly cost data related to production equipment (this is the same data as the previous exercise): Reporting Period (Month) Total Costs Machine Hours January February March April May June July August September October November December Required: $920,000 600,000 500,000 1,140,000 620,000 880,000 910,000 960,000 980,000 45,000 25,000 20,000 90,000 95,000 30,000 38,000 48,000 78,000 51 ,ooo 96,000 54,000 37. a. Use the five steps of the scattergraph method to estimate the total fixed cost per month and the variable cost per machine hour. State your results in the cost equation form Y = f + vx by filling in the dollar amounts for f and v. b. What would the company's estimated costs be if it used 70,000 machine hours next month? c. What would the company's estimated costs be if it used 12,000 machine hours next month? Scattergraph Method Answers will vary depending on where the cost line is visually fit to the data points. a. The five steps are shown below. Step 1: Fill in the columns below to plot the data points in the graph that follows. (Points will automatically appear in the graph after you enter the data points below). Reporting Period (Month) January February March April May June July August September October N ovember December Answer for Answer for Total Costs Machine Total Costs $ 920 ooo Machine Hours 45,000 is: Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Hours is: Correct Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect Incorrect You are not required to draw the best fitting line below. Information is given on the next worksheet to enable you to finish the exercise without completing this step.