O @ @ AutoSave On BES = ExcelAssignment1 Question2 Review View Tell me Home Insert Draw Page Layout Formulas Data Share Comments Liberation Sans 12 % ' a. Av Conditional Formatting Format as Table Cell Styles Pate BIUD Alignment Number Cells Editing Ideas Sensitivity 010 X f G H 1 K L M N O Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area in the input cells in part a. In part b, use the SLOPE and the INTERCEPT functions with cell referencing to the work area. a. Select the data to use under high-low method. B C D E F Function: SLOPE, INTERCEPT; Cell Referencing 2 Using Excel to Determine a Cost Equation Using the High-Low 4 Method 5 PROBLEM Markowis Corp. has collected the following data concerning its 7 maintenance costs for the past 6 months. 8 9 Units 10 Produced Total Cost 11 July 18,000 $ 36,000 12 August 32,000 45,000 13 September 36,000 55,000 14 October 22,000 38,000 15 November 40,000 74,500 16 December 38,000 62,000 17 18 19 20 21 22 23 Enter Answer + Units Total Cost High Low b. Compute the variable- and fixed-cost elements using Excel's SLOPE and INTERCEPT functions. Variable cost per unit Total fixed costs Ready + 110%