Question
The following cost data from Hickory Furniture is for the year 2017. Month Number of Tables Produced Factory Utility Expenses January 550 $2,063 February 710
The following cost data from Hickory Furniture is for the year 2017. Month Number of Tables Produced Factory Utility Expenses January 550 $2,063 February 710 2,663 March 650 2,438 April 470 1,823 May 512 1,920 June 625 2,344 July 805 3,019 August 750 2,813 September 675 2,531 October 525 1,969 November 875 3,281 December 685 2,569 A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced. Total Costs = Y = $fill in the blank 1 + fill in the blank 2 3.6 x B. Predict the utility costs if 800 tables are produced. Maintenance cost $fill in the blank 3 C. Predict the utility costs if 600 tables are produced. Maintenance cost $fill in the blank 4
The following cost data from Hickory Furniture is for the year 2017. Number of Tables Produced Factory Utility Expenses Month January 550 $2,063 February 710 2,663 March 650 2,438 April 470 1,823 May 512 1,920 June 625 2,344 July 805 3,019 August 750 2,813 September 675 2,531 October 525 1,969 November 875 3,281 December 685 2,569 A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced. Total Costs = Y = $ X + 3.6 x B. Predict the utility costs if 800 tables are produced. Maintenance cost $ C. Predict the utility costs if 600 tables are produced. Maintenance cost $Step by Step Solution
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