BRIEF EXERCISE 5~2 Scattergraph Analysis (L02) The data below have been taken from the cost records of the Atlanta Processing Company. The data relate to the cost of operating one of the company's processing facilities at various levels of activity: Month Units Total Processed Cost January ......... 8,000 $14,000 February ........ 4,500 $10,000 March ........... 7,000 $12,500 April ............. 9,000 $15,500 May ............. 3,750 $10,000 June ............. 6,000 $12,500 July .............. 3,000 $8,500 August .......... 5,000 $11,500 Required: 1. Prepare a scattergraph by plotting the above data on a graph. Plot cost on the vertical axis and activity on the horizontal axis. Fit a line to your plotted ruler. 2. Using the quick anddirty method, what is the approximate monthly fixed cost? The approximate variable cost per unit processed? Show your Computations. PROBLEM 510 High-Low Method and Predicting Cost (L01, L03) Black Forest Clinic contains 340 beds. The average occupancy rate is 85% per month. In other words, an average of 85% of the clinic's beds are occupied by patients. At this level of occupancy, the clinic's operating costs are $40 per occupied bed per day, assuming a 30day month. This $40 cost contains both variable and fixed cost elements. During November, the clinic's occupancy rate was only 70%. A total of $339,150 in ioperating cost was incurred during the month. Required: 1. Using the highlow method, estimate: a. The variable cost per occupied bed on a daily basis