Acct homework

Question Help Use the high-low method to determine the variable and fixed cost components of Swift Lube's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,700 oil changes. (Click the icon to view the data.) i Data Table X Use the high-low method to determine the variable and fixed costs components of Swift Lube's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) Variable cost per unit Month Number of Oil Changes Operating Expenses January . . . . . 3,500 $ 35,000 Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity February . . . . 2,900 31,000 March 3,100 32,000 Total fixed costs April . . . . . 3,000 31,500 May . . . .. . 3,900 36,000 Complete Swift Lube's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole d June . . . . .. . 3,200 32,500 y= * + Use your answer from above to predict total monthly operating costs if Swift Lube performs 3,700 oil changes. (Round your answer Print Done The total monthly operating costs if Swift Lube performs 3,700 oil changes is Choose from any list or enter any number in the input fields and then continue to the next