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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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