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Use the high-low method to determine the variable and fixed cost components of Quick Change'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 Change's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,100 oil changes. .: (Click the icon to view the data.) Data Table Use the high-low method to determine the variable and fixed costs components of Quick Change's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) = Variable cost per unit Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. (Round your = Total fixed costs Month January ..... February .... March...... April ........ May ........ Number of Oil Changes 2,900 2,300 2,500 2,400 3,300 2,600 Operating Expenses 36,500 $ 32,500 33,500 33,000 37,500 34,000 Complete Quick Change's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) June ........ y=s O x+$O . Use your answer from above to predict total monthly operating costs if Quick Change performs 3,100 oil changes. (Round your answer to the near Print Done The total monthly operating costs if Quick Change performs 3,100 oil changes is $ T
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