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Month January February March April May Number of Oil Changes 2,900 2,300 2,500 2,400 3,300 2,600 GA Operating Expenses $ 36,800 $ 32,800 33,800 $
Month January February March April May Number of Oil Changes 2,900 2,300 2,500 2,400 3,300 2,600 GA Operating Expenses $ 36,800 $ 32,800 33,800 $ 33,300 37,800 $ 34,300 GA June.. changes. Use the high-low method to determine the variable and fixed cost components of Swift Lube's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,100 Click the icon to view the data.) Use the high-low method to determine the variable and fixed costs components of Swift Lube's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) Variable cost per unit Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. (Round your answers to the nearest whole number.) Total fixed costs Complete Swift Lube's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) y = $ x + $ Use your answer from above to predict total monthly operating costs if Swift Lube performs 3,100 oil changes. (Round your answer to the nearest whole dollar.) The total monthly operating costs if Swift Lube performs 3,100 oil changes is $
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