Use the Slope or intercept function

Function: SLOPE, INTERCEPT; Cell Referencing

Function: SLOPE, INTERCEPT; Cell Referencing Using Excel to Determine a Cost Equation Using the High- Low Method PROBLEM Markowis Corp. has collected the following data concerning its maintenance costs for the past 6 months. Student Work Area Required: Provide input into cells shaded in yellow in this template. Use cell references to the Problem area in the input cells in part a. In part b, use the SLOPE and the INTERCEPT functions with cell referencing to the work area. a. b. Select the data to use under high-low method. July August September October November December Units Produced 18,000 32,000 36,000 22,000 40,000 38,000 Total Cost $ 36,000 45,000 55,000 38,000 74,500 62,000 Units Total Cost High Low Compute the variable- and fixed-cost elements using Excel's SLOPE and INTERCEPT functions. Variable cost Total fixed costs per unit