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Q1) Presented below are data related to the shipping costs for the Almond Factory: Month Distribution costs (y) Number of shipments (x) Jan $4,918 3500

Q1)

Presented below are data related to the shipping costs for the Almond Factory:

Month

Distribution costs (y)

Number of shipments (x)

Jan

$4,918

3500

Feb

$4,245

2650

Mar

$5,205

3850

Apr

$4,532

2999

May

$4,544

3002

Jun

$5,025

3650

Using the high-low method find:

1) The sloe is $---------------- per Number of shipments, rounded to the nearest $0.01.

2) The Fixed cost or intercept is $------------

3) If the number of shipments in August will be 4,200, the overhead cost will be $----------

Please explain how to solve part 3

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