Use the high-low method to determine the variable and fixed cost components of Rapid Changes operating costs. Use this information to project the monthly operating costs for a month in which the company performs $3,500 oil changes.

 

Month Number of Oil Changes Operating Expenses January 3,700 34,500 February 3,100 30,500 March... 3,300 $ 31,500 April 3,200 $ 31,000 May . 4,100 2$ 35,500 June.. 3,400 $ 32,000 %24 24 %24 %24