Crazy Cases has a small kiosk in the local mall, they sell cellphone cases and accessories. The company has the following actual data for 2012, the kiosk opened in early April.

Estimate the cost function for Overhead Costs using high/low method.

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Month Apr May Jun Jul Aug Sep Oct Nov Dec Production (Units) 5,000 5,750 7,500 7,750 12,000 11,500 10,000 6,000 5,500 OverheadCosts 12,000 16,000 18,500 19,750 27,000 26,500 20,000 17,750 14,250 Month Apr May Jun Jul Aug Sep Oct Nov Dec Production (Units) 5,000 5,750 7,500 7,750 12,000 11,500 10,000 6,000 5,500 OverheadCosts 12,000 16,000 18,500 19,750 27,000 26,500 20,000 17,750 14,250

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For high low method first find out variable cost by ... View the full answer