Question: Use the high - low method to determine the variable and fixed cost components of Lube - for - Less's operating costs. Use this information

Use the high-low method to determine the variable and fixed cost components of Lube - for - Less's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,600 oil changes.
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Use the high-low method to determine the variable and fixed costs components of Lube - for - Less's operating cost equation.
First identify the formula and calculate the variable cost component (slope).(Round your answer to the nearest cent.)
\table[[,Change in costs,,Change in volume,=,Variable cost per unit],[$,5,000,,1,000,=,5.00]]
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 nearest whole number.)
 Use the high-low method to determine the variable and fixed cost

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