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Lukes assembled monthly production data for Bubbs showing the month, the number of cases produced, and the total production cost. Month Cases Cost 1 195,300

Lukes assembled monthly production data for Bubbs showing the month, the number of cases produced, and the total production cost.

Month

Cases

Cost

1

195,300

$1,570,196

2

191,900

$1,568,046

3

173,400

$1,494,044

4

195,800

$1,592,674

5

173,200

$1,482,400

6

179,900

$1,545,196

7

190,100

$1,557,890

8

172,900

$1,501,446

9

209,600

$1,631,190

10

201,800

$1,593,149

11

184,000

$1,425,441

12

199,300

$1,626,864

Apply the high low method to estimate the variable cost per case and monthly fixed costs based on the data in the table. Use your results to predict the total cost for a month with production of 194,000 cases.

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