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Sullivan Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2018. The following cost
Sullivan Corporation wants to find an equation to estimate some of their monthly operating costs for the operating 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. Maintenance Mixed Health insurance Shipping costs Fixed Variable Requirement 2. Using the high Begin by selecting the general f Maintenance Requirements 1. Which of the preceding costs is variable? Fixed? Mixed? Explain. 2. Using the high-low method, determine the cost function for each cost. 3. Combine the preceding information to get a monthly operating cost function for the Sullivan Corporation. 4. Next month, Sullivan expects to use 500 machine hours, have 70 employees, and ship 9,600 units. Estimate the total operating cost for the month. Health insurance y Shipping costs y Now determine the cost function empty; do not enter a zero or se Cost function Maintenance y= Health insurance y= Shipping costs y= Print Done + per machine hour per employee. per unit shipped he equation, leave the box
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