Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 11.00

The Salinas Corporation

The Salinas 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

60,000

$ 7,400

February

50,000

$ 6,500

March

70,000

$ 7,000

April

90,000

$ 9,200

May

80,000

$ 7,600

June

100,000

$ 8,500

July

120,000

$10,000

August

110,000

$ 9,800

Required

  1. Prepare a scattergraph of the cost information and then choose a line that you believe best represents the cost function. Represent your chosen line with a cost equation of the form y = mx + b. Show your calculations.
  2. Using the high-low method, what is the variable cost per copy?
  3. Using the high-low method, what is the fixed cost per month?
  4. Using the high-low method, represent the cost function with a cost equation of the form y = mx + b.
  5. Using your cost equation from part (d), provide your best estimate of the copy costs for September if 70,000 copies will be made. Why does your estimate differ from the $7,000 cost incurred in March?

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 06:07 PM My Price 11.00

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