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Tristan Wire Company heats copper ingots to very high temperatures by placing the ingots in a large heat coil. The following data on ingots processed
Tristan Wire Company heats copper ingots to very high temperatures by placing the ingots in a large heat coil. The following data on ingots processed and power costs are available: Power Cost Month January February March April May June Number of Ingots 111 91 81 101 131 121 $5.782 $4,782 $4.682 $5.282 S6,282 $5.882 Required: Using the high-low method, estimate the total cost of 133 units
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