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Use the high-low method to determine the variable and fixed cost components of Quick Lube's operating costs. Use this information to project the monthly operating
Use the high-low method to determine the variable and fixed cost components of Quick Lube's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 4,000 oil changes. (Click the icon to view the data.) Use the high-low method to determine the variable and fixed costs components of Quick Lube's operating cost equation. X Data Table First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) Variable cost per unit Month Number of Oil Changes Operating Expenses 3,800 36,800 January February 3,200 32,800 March 3,400 33,800 April 3,300 33,300 May 4,200 $ 37,800 June 3,500 34,300 Print Done
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