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THANK YOU FOR YOUR GUIDANCE The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300

THANK YOU FOR YOUR GUIDANCE

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The manager of Trusty Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,300 for 1,300 inspections to $3,900 for 900 inspections. Read the requirements. Requirement 1. Use the high-low method to calculate the variable cost per inspection. Select the formula and enter the amounts to calculate the variable cost per inspection. (Round to the nearest cent.) Variable cost per inspection Requirement 2. Calculate the total fixed costs. Select the formula and enter the amounts to calculate the total fixed costs. (Use the highest volume and its mixed cost to calculate the total fixed cost.) Total fixed cost Requirement 3. Write the equation and calculate the operating costs for 1,000 inspections. Select the formula and enter the amounts to calculate the operating costs for 1,000 inspections, (Enter all amounts to the nearest cent.) Total mixed cost Requirement 4. Draw a graph illustrating your total cost under this plan. Show the costs at 900, 1,000, and 1,300 inspections Plot the points for the costs at 900. 1,000 and 1,300 inspections, then plot the line for the total costs, (Enlarge the graph and use the point tool and line tool buttons displayed below to draw the graph.) 4900- 4700- 4500 4300 41003 3900- 3700- 3500 2300 3100 2900- 2700- 2500 2300- 2100

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