Question
The Salinas Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies
The Salinas Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 60,000 $ 7,400 February 50,000 $ 6,500 March 70,000 $ 7,000 April 90,000 $ 9,200 May 80,000 $ 7,600 June 100,000 $ 8,500 July 120,000 $10,000 August 110,000 $ 9,800 Collapse question part (a) Assuming the line intersects the y-axis at $3,500 and using the May activity levels what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 5 decimal places, e.g. 15.25134 and fixed cost to 0 decimal places, e.g 1526.) y = $ /copy + $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started