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H M 5 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem arca in
H M 5 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem arca in the input cells in part a. In part b, use the SLOPE and the INTERCEPT functions with cell referencing to the work area. a. Select the data to use under high-low method. B E Name Box SLOPE, INTERCEPT; Cell Referencing 2 3 Using Excel to Determine a Cost Equation Using the High-Low 4 Method PROBLEM 6 Markowis Corp. has collected the following data concerning its 7 maintenance costs for the past 6 months. 8) 9 Units 10 Produced Total Cost 11 July 18,000 $ 36,000 12 August 32,000 45,000 1 131 September 36,000 55,000 14! October 22,000 38,000 1 15) November 40,000 74,500 16 December 38,000 62,000 17 1 18 19 20 21 22 Units Total Cost High Low b. Compute the variable- and fixed-cost elements using Excel's SLOPE i and INTERCEPT functions. Variable cost per unit Total fixed costs
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