Question: 1) Split the hydro cost between fixed and variable components using the Hi-Low Method. State your answer as the equation of the line. 2)

1) Split the hydro cost between fixed and variable components using the Hi-Low Method. State your answer as the equation of the line. 2) Use the equation to forecast electricity cost if we make 95,000 units. Units Made Electricity Cost 50,000 1,675 3,500 75,000 2,075 3,000 90,000 2,175 140,000 3,175 2,500 92,000 2,275 2,000 102,000 2,475 Cost 70,000 1,875 1,500 1,000 55,000 1,775 65,000 2,075 500 Electricity Cost 20,000 40,000 60,000 80,000 100,000 120,000 140,000 160,000 Units Made
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