Question: Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the

 Use the high-low method to determine the variable and feed cost
components of Montrose Oil and Lube's operating costs. Use this information to

Use the high-low method to determine the variable and feed cost components of Montrose Oil and Lube's operating costs. Use this information to protect the monthly operating costs for a month in which the company performs 3.400 of charges Click the loon to view the data) Use the high-low method to determine the variable and fixed costs components of Montrose Oil and Lube's operating cost equation First identify the formula and calculate the variable cost component (slope) (Round your answer to the nearest cent) Variable cost per unit Next idently the formula and compute the fixed cost component (the vertical intercepting the costs for the highest level of activity (Round you wowers to the nearest whole rumber) Toll fred costs Completo Montrose Old Lube's operating coloquion (Enter the variable contenere contend the fact to the rear whole dar) Use your owwer from above to predict tot monthly operating costs Montrose Ol and Lube performs 3.400 l charges Round your answer to the nearest whole dolar) The total monthly operating costs Montrose Oil and Lube performs 3.400 oll changes is Month Number of Oil Changes Operating Expenses January 3,200 $ 36,400 ----- February 2,600 $ 31,900 32,850 March 2,800 2,700 $ 32,500 * * April May 3,600 $ 37,000 - - - - - June 2,900 $ 33,700

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!