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Please explain these answers Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Will County Highway Department hires temporary employees to mow

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Scatter Diagrams and High-Low Cost Estimation From April 1 through October 31, Will County Highway Department hires temporary employees to mow and clean the right-of-way along county roads. The County Road Commissioner has asked you to help her in determining the variable labor cost of mowing and cleaning a mile of road. The following information is available regarding current-year operations:

Month Miles Mowed and Cleaned Labor Costs
April 350 $8,000
May 300 7,500
June 400 9,000
July 250 5,500
August 375 8,500
September 200 5,000
October 100 4,800

Use the information from the high- and low-volume months to develop a cost-estimating equation for monthly labor costs.

Monthly labor costs = Answer

+ Answer

X

Plot the data on a scatter diagram. Using the information from representative high- and low volume months, use the high-low method to develop a cost-estimating equation for monthly labor costs.

Monthly labor costs = Answer

+ Answer

X

Adjust the equation developed in requirement (b) to incorporate the effect of an anticipated 7 percent increase in wages.

Monthly labor costs = Answer

+ Answer

X

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