Question: Managerial Accouting: E21-30 Determing mixed costs-- the hight-low method The manager of Quick Car Inspection reviewed the monthly operating costs for the past year. The

Managerial Accouting: E21-30 Determing mixed costs-- the hight-low method

The manager of Quick Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,400 for 1,400 inspections to $4,200 for 1,000 inspections.

Requirements:

1. Calculate the variable cost per inspection

2. Calculate the total fixed costs.

3. Write the equation and calculate the oerperating costs for 1,200 inspections.

4. Draw a graph illustrating the total cost under this plan. Label the axes, and show the costs at 1,000, 1,200, and 1,400 inspections.

Please help by listing the step-by-step process. Thank you!

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