Question: How do I plot on Excel using a High-Low method, but I don't know how to put it into Excel and add regression lines on
How do I plot on Excel using a High-Low method, but I don't know how to put it into Excel and add regression lines on the graph I plotted. Please helppp
The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
Cost Hours
$23,000 5,000
$26,000 6,450
$34,600 7,650
$42,000 10,000
$38,000 9,350
What is the estimated total cost at an operating level of 9,000 hours?
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