nework 5 - Chapter 6 1, 86-8 (similar to) Part 5 of 6 HW Score: 76.92%, 7.69 of 10 points Points: 7.69 of 10 Use the high-low method to determine the variable and fixed cost components of Lube-for-Less's operating costs. Use this information to project the monthly operating c Kthe company performs 3,100 oil changes. (Click the icon to view the data.) Use the high-low method to determine the variable and fixed costs components of Lube-for-Less's operating cost equation First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) Change in costs 5,000 Change in volume 1,000 Variable coser unit 5.00 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 whol Total mixed (operating) cost 39,500 Total variable cost 16.500 Total fixed costs 23,000 Complete Lube-for-Less's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) y hapter 6 Question 1, S6-8 (similar to) Part 5 of 6 HW Score: 76.92%, 7.69 of 10 Points: 7.69 of 10 se the high-low method to determine the variable and fixed cost components of Lube-for-Less's operating costs. Use this information to project the e company performs 3,100 oil changes. (Click the icon to view the data.) se the high-low method to dete Data table st identify the formula and cal Change in costs 5,000 CLEOD - Xuation Month Number of Oil Changes Operating Expenses January.... 2,900 38,500 xt identify the formula and cor evel of activity. (Round your ans February 2,300 $ 34,500 Total mixed (operating) c March 2,500 $ 35,500 39,500 April 2,400 $ 35,000 mplete Lube-for-Less's ope May 3,300 $ 39,500 the nearest whole dollar.) June 2,600 $ 36,000 x+ Print Done