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 highlow 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 oil changes.
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Use the highlow 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 slopeRound your answer to the nearest cent.
tableChange in costs,Change in volume,Variable cost per unit$
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.
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