4. The cost data for processing invoices for BC Billing Solutions for the year 2020 is as follows:\ Month                           Invoices Processed                 Overtime Wages  January                                12,000                                    $7,760 February                                8,000                                    6,800 March                                     1,000                                   6,000 April                                         7,000                                  6,100 May                                         5,000                                  6,200 June                                        10,000                                7,300 July                                         11,000                                7,400 August                                     9,000                                 6,900 September                               5,000                                 6,500 October                                   9,000                                  6,600 November                               8,000                                  6,800 December                              11,000                                  7,450   PLEASE NOTE #1: Costs per unit dollar amounts will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67).  PLEASE NOTE #2: Total costs dollar amounts will be whole dollars and shown with "$" and commas as needed (i.e. $12,345).  Using the high-low method, express BC Billing Solutions’ overtime wages as an equation where x represents the gallons of paint produced. Y = ? + ? x Predict the overtime wages if 9,000 invoices are processed = ? Predict the overtime wages if 6,500 invoices are processed = ?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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4. The cost data for processing invoices for BC Billing Solutions for the year 2020 is as follows:\

Month                           Invoices Processed                 Overtime Wages 

January                                12,000                                    $7,760

February                                8,000                                    6,800

March                                     1,000                                   6,000

April                                         7,000                                  6,100

May                                         5,000                                  6,200

June                                        10,000                                7,300

July                                         11,000                                7,400

August                                     9,000                                 6,900

September                               5,000                                 6,500

October                                   9,000                                  6,600

November                               8,000                                  6,800

December                              11,000                                  7,450

 

PLEASE NOTE #1: Costs per unit dollar amounts will be rounded to two decimal places and shown with "$" and commas as needed (i.e. $12,345.67). 

PLEASE NOTE #2: Total costs dollar amounts will be whole dollars and shown with "$" and commas as needed (i.e. $12,345). 

  • Using the high-low method, express BC Billing Solutions’ overtime wages as an equation where x represents the gallons of paint produced.

Y = ? + ? x

  • Predict the overtime wages if 9,000 invoices are processed = ?
  • Predict the overtime wages if 6,500 invoices are processed = ?
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