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Managers at Go Pirates Corp. are concerned that the company's costs of production have gone wild. The Chief Financial Officer brings you the following historic
Managers at Go Pirates Corp. are concerned that the company's costs of production have gone wild. The Chief Financial Officer brings you the following historic data: Go Pirates' selling price is $60 per unit. Required: Prepare a report with the following information (rounding all answers to two decimal places) Part I (Excel) a. Use the High-Low method to estimate the company's cost formula. b. Based on your answer to part (a), estimate the total cost of producing 1,200 units. c. Based on your answer to part (a), calculate the breakeven point in dollar sales. Part II (Excel) a. Estimate the cost formula for the company (find the equation of the line of best fit). b. Based on your answer to part (a), estimate the total cost of producing 1,200 units. c. Based on your answer to part (a), calculate the breakeven point in dollar sales. Part III (Microsoft Word) Explain why the analyses in Part I and II result in different answers. Follow Stillman Guidelines for using Excel. Upload both the Microsoft Excel and Word documents to BlackBoard by November 6, 2017
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