Question: Use the following data to answer the questions below: Orders Cost 100 $1,840 70 $1,500 150 $2,520 110 $2,020 160 $2,750 170 $2,700 90 $1,600

Use the following data to answer the questions below:

Orders Cost

100 $1,840

70 $1,500

150 $2,520

110 $2,020

160 $2,750

170 $2,700

90 $1,600

1. Using the high-low method, prepare a cost formula for the order activity. Show your formula. What is the Variable cost per order? What is the Fixed cost?

2. Using this formula, what is the predicted cost of this activity in which 130 orders are processed?

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