Exercise 5A-4 (Static) High-Low Method; Scattergraph Analysis [LO5-10]

Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:

Month	Units Shipped	Total Shipping Expense
January	3	$ 1,800
February	6	$ 2,300
March	4	$ 1,700
April	5	$ 2,000
May	7	$ 2,300
June	8	$ 2,700
July	2	$ 1,200

Exercise 5A-4 Part 2 (Static)

2. Using the high-low method, estimate the cost formula for shipping expense.

Required information Exercise 5A-4 (Static) High-Low Method; Scattergraph Analysis [LO5-10] [The following information applies to the questions displayed below.] Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Exercise 5A-4 Part 2 (Static) 2. Using the high-low method, estimate the cost formula for shipping expense