The town of Jim Thorpe , Pennsylvania operates a scenic railway business for tourists The town is trying to create a cost function for which has been identified as a mixed cost , associated with operating the railway The following data has been gathered related to the la and two possible cost drivers , the number of trips and gross ticket revenues by month . Labor costs of trips Ticket revenues January $ 18,400 14 $ 18,000 February 37,000 40 60,000 March 16,000 10 12,000 April 24,000 2226,000 May 28,400 28 36,000 June 56,000 82,000 July 60,000 90 100,000 August 68,000 100 120,000 Using the highmethod , determine the following The cost function for labor costs using Number of a driver Round to 2 decimals Total labor costs of trips The cost function for labor costs Ticket itevenues as a cost driverRound to 2 decimals Total labor costs Ticket revence

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Cost Function Analysis for Jim Thorpe Scenic Railway We will use the HighLow Method to analyze the cost function for Jim Thorpes scenic railway labor ... View the full answer