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Harbor Images has collected the following cost data for various levels of activity: Month Images Created Total Cost August 5,800 $ 5,660 September 7,550 $
Harbor Images has collected the following cost data for various levels of activity:
Month | Images Created | Total Cost | |
August | 5,800 | $ | 5,660 |
September | 7,550 | $ | 6,280 |
October | 7,900 | $ | 8,842 |
November | 4,300 | $ | 5,170 |
a. Using the high-low method, determine the variable cost per image created and the total fixed cost. (Round your variable cost to 2 decimal places.)
b. Estimate the total costs when 6,300 images are created. (Do not round your intermediate calculations.)
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