Question
Zerbel Company, a wholesaler of large, custom-built air-conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month, as
Zerbel Company, a wholesaler of large, custom-built air-conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month, as shown below:
Units Total Shipping
Month Shipped Expense
January 6 $5,023
February 9 $6,871
March 7 $5,780
April 4$3,620
May 5$4,527
June 8$6,594
July 20$14,820
Required:1.Using the high-low method, estimate the cost formula for shipping expense.
Y= _ + _X
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Principles Of Financial Accounting
Authors: Kermit Larson, John Wild
20th Edition
77338235, 978-0077619442
