Question
Part 2 of 6 Points: 0.15 of 1 Use the high-low method to determine the variable and fixed cost components of Swift Change's operating
Part 2 of 6 Points: 0.15 of 1 Use the high-low method to determine the variable and fixed cost components of Swift Change's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,500 oil changes. (Click the icon to view the data.) Use the high-low method to determine the variable and fixed costs components of Swift Change's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) Data table Change in costs Change in volume Variable cost per unit - Month Number of Oil Changes Operating Expenses January .... February 3,300 $ 35,000 2,700 $ 31,000 March 2,900 $ 32,000 April 2,800 $ 31,500 May 3,700 $ 36,000 June 3,000 $ 32,500 Print Done
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