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Using the data below calculate the cost function (y=mx+b) using the high low method Note there are only 22 data points (August and September of
Using the data below calculate the cost function (y=mx+b) using the high low method
Note there are only 22 data points (August and September of the 2nd year are missing)
Actual Units | Actual Cost | Actual Units | Actual Cost | |
Jan | 1000 | 100000 | 1510 | 14000 |
Feb | 1100 | 106000 | 1650 | 130000 |
Mar | 1175 | 105000 | 1450 | 115000 |
Apr | 1250 | 120000 | 1200 | 112000 |
May | 1410 | 128000 | 1210 | 130000 |
Jun | 1520 | 132000 | 1900 | 154000 |
Jul | 1600 | 135000 | 1890 | 162000 |
Aug | 1710 | 140000 | ||
Sep | 1800 | 148000 | ||
Oct | 1970 | 150000 | 1600 | 143000 |
Nov | 970 | 150000 | 1700 | 148000 |
Dec | 1970 | 120000 | 1850 | 143000 |
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