Machine Hours Total Electricity Costs January 510 $240 February 540 $300 March 360 $205 April 450 $215
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Question:
Machine Hours | Total Electricity Costs | ||||
January | 510 | $240 | |||
February | 540 | $300 | |||
March | 360 | $205 | |||
April | 450 | $215 | |||
May | 660 | $290 | |||
June | 690 | $300 | |||
July | 340 | $180 | |||
August | 520 | $260 | |||
September | 240 | $120 | |||
October | 750 | $340 | |||
November | 840 | $360 | |||
December | 600 | $320 |
Assuming the line intersects the y-axis at $50 and using the August activity levels calculate the equation of the line that would be drawn for a scattergraph.
(Round variable cost to 3 decimal places, e.g. 52.751 and fixed cost to 0 decimal places, e.g 5,275.)
Y = | $ ...... MH | + | $ ...... |
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