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In: Accounting

Below are the processing costs of Duraseal Products observed over the last 10 months: Use the...

Below are the processing costs of Duraseal Products observed over the last 10 months: Use the high low method to determine the variable cost per unit
and fixed cost per month. Express your results in the form of a linear equation y = a + bx.
Month Units Produced Processing Cost
1 9,900 78,000
2 9,200 66,000
3 7,600 61,000
4 8,800 64,000
5 9,000 65,000
6 5,950 59,000
7 9,300 68,000
We assume the linear relation is Y=a + bX
High-Low method Units Produced Processing Cost
High point
Low point
Slope Two decimal places b
Intercept: a
Assume the units level in August is 9600. 9600
The process cost will be Y
Two decimal places

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Expert Solution

ekkarill92 answered 2 years ago
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