# The Salinas Corporation has gathered the following data on its copy machine costs for the first eight months of the

## Question:

The Salinas Corporation has gathered the following data on its copy machine costs for the first eight months of the year.

**Required**

a. Prepare a scattergraph of the cost information and then choose a line that you believe best represents the cost function. Represent your chosen line with a cost equation of the form y = mx + b. Show your calculations.

b. Using the high-low method, what is the variable cost per copy?

c. Using the high-low method, what is the fixed cost per month?

d. Using the high-low method, represent the cost function with a cost equation of the form y = mx + b.

e. Using your cost equation from part (d), provide your best estimate of the copy costs for September if 70,000 copies will be made. Why does your estimate differ from the $7,000 cost incurred in March?

CorporationA Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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