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mutesheep
mutesheep
10.02.2020 • 
Business

The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year.
Month Number of Copies Total Copy Cost
January 40,000 $ 3,500
February 35,000 $ 3,200
March 60,000 $ 4,100
April 80,000 $ 5,100
May 85,000 $ 5,600
June 75,000 $ 4,800
July 82,000 $ 5,300
August 105,000 $ 6,000
Required:
1. Assuming the line intersects the y-axis at $2,000 and using the January activity levels, what is the equation of the line that would be drawn for a scattergraph. (Round variable cost to 4 decimal places, e.g. 15.2513 and fixed cost to 0 decimal places, e.g 1526.)
2. Using the high-low method, what is the variable cost per copy? (Round answer to 2 decimal places, e.g. 15.25.)

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