Global Publishers has collected the following data for recent months: Month Issues published Total cost March....................20,500......................$20,960 April......................21,800........................22,464
Question:
Global Publishers has collected the following data for recent months:
Month Issues published Total cost
March....................20,500......................$20,960
April......................21,800........................22,464
May.......................17,750........................18,495
June.......................21,200........................21,395
Required:
a. Using the high-low method, find variable cost per unit, total fixed costs, and the total cost equation.
b. What is the estimated cost for a month in which 19,000 issues are published?
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