Question: Use the scattergraph method to estimate total fixed costs per year and the variable cost per mile. State your results in the cost equation form

Use the scattergraph method to estimate total fixed costs per year and the variable cost per mile. State your results in the cost equation form Y = f + vX by filling in the dollar amounts for f and v?
Reporting Period (Year) Total Costs Level of Activity (Miles Driven)
Year 1750,000225,000
Year 2850,000240,000
Year 31,100,000430,000
Year 41,150,000454,000
Year 51,250,000560,000
Year 61,550,000710,000

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