Maurice Tutor

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About Maurice Tutor

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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, 6 Days Ago
Questions Answered: 66690
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Education

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

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 03 Aug 2017 My Price 12.00

Salinas Corporation

The Salinas Corporation has gathered the following data on its copy machine costs for the first eight months of the year.

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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

(a) 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 @uni:href. Show your calculations.
(b) Using the high-low method, what is the variable cost per copy?
(c) Using the high-low method, what is the fixed cost per month?
(d) Using the high-low method, represent the cost function with a cost equation of the form @uni:href.
(e) 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

(5)
Status NEW Posted 03 Aug 2017 06:08 PM My Price 12.00

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