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Using the high-low method, what is the slope of the line? Answer format: $X/unit. The answer is not $12,440. Cost Prediction Problem MONTH y =
Using the high-low method, what is the slope of the line? Answer format: $X/unit. The answer is not $12,440.
Cost Prediction Problem MONTH y = $5.2334x + $12,440 3 4ILO UNITS SOLD TOTAL COST 1 3,200 $31,000 2 2,000 $22,000 3 4,600 $40,000 1,200 $18,000 5 4,100 $36,000 6 5,800 $42,000 7 3,000 $29,000 8 1,800 $17,000 9 6,600 $45,000 10 1,400 $16,000 11 1,600 $28,000 12 4,200 $32,000 TOTAL COST $50,000 $45,000 $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 0 1,000 2,000 5,000 6,000 7,000 3,000 4,000 Number of UnitsStep by Step Solution
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