Question: Use high low method to determined the variable cost, fixed cost components. use this information to project monthly operating costs for month in which the

Use high low method to determined the variable cost, fixed cost components. use this information to project monthly operating costs for month in which the company perform 3,500 oil changes. Use high low method to determine variables fixed costs of Jones Oil and Lube's. 1. First identify formula and calculate variable cost components. (Round answers of to nearest cent). 2. Next identify the formula and compute fixed cost components( Vertical intercept). 3. Compute Jones Oil Lube cost equation. 4. use the answers above to predict total monthly operating expenses for Jones. 5. What is the total monthly operating cost performs 3500 oil changes? Use high low method to determined the variable cost, fixed cost components.

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