Shock Corporation wants to find an equation to estimate some of their monthly operating costs for...

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Shock Corporation wants to find an equation to estimate some of their monthly operating costs for the coerating budget for 2018. The following cost and other data were gathered for 2017: (Click the icon to view the cost and other data) Read the requirements Cost function Explanation Maintenance Mixed The cest neither remains constant in total nor remains constant per unit Health insurance Fed Shipping costs Varable Although the cost driver vanes from month to month, the total cost remains constant. The cast per unt remains constant each month Requirements 1. Which of the preceding costs is variabie? Fixed? Mixed? Explain. 2. Using the high-low method, determine the coel function for each cost 3. Combine the preceding information to get a monthly operating cost function for the Shamrock Corporation 4 Next month, Shamrock expects to use 320 machine hours, have 75 employees and shp 8,800 units Estimate the total operating cost for the month Requirement 2. Using the high low method, determine the cost function for each cost Begin by selecting the general formula that represents the inear cost function for each cust Maintenance Health insurance Shipping cos Print Done Now determine the cost function for each cost. (Emer al values in the same format as the general inear formula if a box is not used in the equation, Ineve the box empty, do not enter a zer or select a label) Cost function Maintenance y" Health insurance ya Shipping costs y= Shock Corporation wants to find an equation to estimate some of their monthly operating costs for the coerating budget for 2018. The following cost and other data were gathered for 2017: (Click the icon to view the cost and other data) Read the requirements Cost function Explanation Maintenance Mixed The cest neither remains constant in total nor remains constant per unit Health insurance Fed Shipping costs Varable Although the cost driver vanes from month to month, the total cost remains constant. The cast per unt remains constant each month Requirements 1. Which of the preceding costs is variabie? Fixed? Mixed? Explain. 2. Using the high-low method, determine the coel function for each cost 3. Combine the preceding information to get a monthly operating cost function for the Shamrock Corporation 4 Next month, Shamrock expects to use 320 machine hours, have 75 employees and shp 8,800 units Estimate the total operating cost for the month Requirement 2. Using the high low method, determine the cost function for each cost Begin by selecting the general formula that represents the inear cost function for each cust Maintenance Health insurance Shipping cos Print Done Now determine the cost function for each cost. (Emer al values in the same format as the general inear formula if a box is not used in the equation, Ineve the box empty, do not enter a zer or select a label) Cost function Maintenance y" Health insurance ya Shipping costs y=