Question: Question Help Use the high-low method to determine the variable and fixed cost components of Rapid Change's operating costs. Use this information to project the

 Question Help Use the high-low method to determine the variable and

Question Help Use the high-low method to determine the variable and fixed cost components of Rapid Change's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,600 oil changes. (Click the icon to view the data.) Use the high-low method to determine the variable and fixed costs components of Rapid Change's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) i Data Table X Change in costs Change in volume Variable cost per unit 5.5 Month Number of Oil Changes Operating Expenses Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. (Round your answers to the ne January . . . .. 3,400 38,500 Change in total costs Total variable cost Total fixed costs February . . . . 2,800 34,500 March . . . . .. 3,000 35,500 Complete Rapid Change's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) April . . . . . . .. 2,900 35,000 May . . . .. . 3,800 39,500 y = * + June .. . . . .. 3,100 36,000 Use your answer from above to predict total monthly operating costs if Rapid Change performs 3,600 oil changes. (Round your answer to the nearest whole dollar.) The total monthly operating costs if Rapid Change performs 3,600 oil changes is Print Done Choose from any list or enter any number in the input fields and then continue to the next

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