This cost data from Sweater, Inc. is as follows: Number of Sweaters Produced 1,561 1,521 999...

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This cost data from Sweater, Inc. is as follows: Number of Sweaters Produced 1,561 1,521 999 8,543 4,561 2,132 4,561 4,856 971 3,465 3,687 6,544 Month January February March April May June July August September October November December Total Costs $1,642.40 $1,603.20 $1,091.64 $ 8,484.76 $4,582.40 $ 2,201.98 $4,582.40 $ 4,871.50 $ 1,064.20 $ 3,508.32 $ 3,725.88 $6,525.74 Using the high-low method, express the company's cost formula as an equation where x represents the number of sweaters produced and y represents total costs. This cost data from Sweater, Inc. is as follows: Number of Sweaters Produced 1,561 1,521 999 8,543 4,561 2,132 4,561 4,856 971 3,465 3,687 6,544 Month January February March April May June July August September October November December Total Costs $1,642.40 $1,603.20 $1,091.64 $ 8,484.76 $4,582.40 $ 2,201.98 $4,582.40 $ 4,871.50 $ 1,064.20 $ 3,508.32 $ 3,725.88 $6,525.74 Using the high-low method, express the company's cost formula as an equation where x represents the number of sweaters produced and y represents total costs.

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Using the highlow method the variable cost per unit and the fixed cost portion of the cost equation ... View the full answer