Homework: Chapter 10 Homework Score: 0 of 15 pts 2 of 6 (complete) HW Score: 0%, 0 of 100 E10-25 (similar to) Question Help Shannon Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2018. The following cost and other data were gathered for 2017 Click the icon to view the cost and other data) Read the requirements Data Table Requirement 1. Which of the preceding costs is variable? Fixed? Moed? Explain Cost Maintenance Costs Machine Hours Cost function Explanation Month 155 Maintenance 4,590 4,568 Number of Employees 61 73 96 906 Health insurance Shipping costs 4,815 4,870 5,180 301 461 Health Insurance S 8,680 8,680 8.680 8,680 8,680 $ 8.680 8.680 8.680 8.600 $ 8,680 shipping Units Costs Shipped $ 20,97 7,170 $ 33,793 8230 32. 00 7960 $ 20.000 0.00 $ 24,190 5.900 37,684 9.240 358 .780 440 400 $ 27.582 .720 293157,150 Requirements 4.751 277 80 0 82 100 100 August September October 1. Which of the preceding costs is variable? Fixed? Mixed? Explain. 2. Using the high-low method, determine the cost function for each cost 3. Combine the preceding information to get a monthly operating cost function for the Shannon Corporation 4. Next month. Shannon expects to use 440 machine hours, have 120 Orrployees, and ship 9,700 units Estimate the total operating cost for the O Type here to search 1011 AM 1125/2011 A 4 complete) HW Score: 0%, 0 of 1 Question Help ating budget for 2018. The following cost and other data were gathered for 2017: Data Table January February March $ $ 96 108 301 4,590 4,568 4,615 4,870 5,180 4,751 4,958 4,951 5,077 5,267 5,729 $ $ $ $ 3 $ $ $ April May June 8,680 8,680 8,680 8,680 8,680 8,680 8,680 8,680 8,680 $ 93 29,397 7,170 33,743 8,230 32,636 7,960 26609 26,609 6,490 24,190 5,900 37,884 9,240 35,998 8,780 34.440 8,400 27,552 6,720 29,315 7.150 23,001 5,610 39,7299,690 July 347 A August September October November December 8,680 419 483 570 278 $ 8,680 8,680 4.723 $ 97 $ 10:13 AM 11/25/2019