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The manager of Swift Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $ 4100 for 1100 inspections to
The manager of Swift Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from
$ 4100 for 1100 inspections to $ 3,700 for 700 inspections.
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
1. | Use the high-low method to calculate the variable cost per inspection. |
2. | Calculate the total fixed costs. |
3. | Write the equation and calculate the operating costs for 900 inspections. |
4. | Draw a graph illustrating your total cost under this plan. Show the costs at 700, 900 and 1100 inspections. |
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