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Please help me solve this managerial accounting question as I need help studying for my final Required information [The following information applies to the questions
Please help me solve this managerial accounting question as I need help studying for my final
Required information [The following information applies to the questions displayed below.] Travis Metals heats copper ingots to a high temperature by placing them in a large oven. The heated ingots are then run through a shaping achine that forms them into wire. Due to the length of time it takes the oven to heat up, it is neve turned off. When t ingots are placed in the oven the temperature is raised to a higher level. Once they are done being heated the oven te perature is turned back down until a new batch of ingots is ready to be heated. The following information shows he ingots processed and the power costs over the past 10 months. Month January February Ma rch April May June July August September October Required: Ingots Power Cost 118 98 88 108 138 128 78 68 58 48 $5,820 $4,820 $4, 720 $5,320 $6,320 $5, 920 $4,320 $3,520 $3,720 $2, 720 2. Using the highlow method, estimate a cost formula for power costs. Express the formula in the form Y = a + bX. 3. Predict total power costs in a month when 148 ingots are processed. otal power costs
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