Question: Kim Wilson, controller for Max Enterprises, has decided to estimate the fixed and variable components associated with the company's shipping activity. She collected the following

Kim Wilson, controller for Max Enterprises, has decided to estimate the fixed and variable components associated with the company's shipping activity. She collected the following data for the past six months: Package shipped and Total Shipping costs 10------ $800 20------$1,100 15------$900 12------$900 18------$1,050 25------$1,250 Estimate the fixed and variable components for the shipping costs using the high-low method. Using the cost formula, predict the total cost of shipping if 14 package are shipped.

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