Question: please answer A - E! Thank you! 2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its
please answer A - E! Thank you! 2-20 Scattergraph; high-low method; cost estimation (LO 2) The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Number of Copies Total Copy Cost January 40,000 $3,500 February 35,000 $3,200 March 60,000 $4,100 April 80,000 $5,100 May 85,000 $5,600 June 75,000 $4,800 July 82,000 $5,300 August 105,000 $6,000 Required a. Prepare a scattergraph of the cost information and then choose a line that you believe best represents the cost function. Represent your chosen line with a cost equation of the form y = mx + b. Show your calculations. Using the high-low method, what is the variable cost per copy? Using the high-low method, what is the fixed cost per month? d. Using the high-low method, represent the cost function with a cost equation of the form y = mx + b. Using your cost equation from part (a), provide your best estimate of the copy costs for September if 80,000 copies will be made. Why does your estimate differ from the $5,100 cost incurred in April? Numeric
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