Question: Please make sure to include cell references + formula in answer below. Thanks! Function: SLOPE, INTERCEPT; Cell Referencing Using Excel to Determine a Cost Equation

Please make sure to include cell references + formula in answer below. Thanks!

Please make sure to include cell references + formula in answer below.

Function: SLOPE, INTERCEPT; Cell Referencing Using Excel to Determine a Cost Equation Using the High- Low Method PROBLEM Markowis Corp. has collected the following data concerning its naintenance costs for the past 6 months. 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. July August September October November December Units Produced Total Cost 18,000 $ 36,000 32,000 45,000 36,000 55,000 22,000 38,000 40,000 74,500 38,000 62,000 a. Select the data to use under high-low method. 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

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