A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced. otal Costs = Y = $ 131 + 3.60 x B. Predict the utility costs if 800 tables are produced. Maintenance cost $ 3,011 C. Predict the utility costs if 600 tables are produced. Maintenance cost $ 2,291
A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced. otal Costs = Y = $ 131 + 3.60 x B. Predict the utility costs if 800 tables are produced. Maintenance cost $ 3,011 C. Predict the utility costs if 600 tables are produced. Maintenance cost $ 2,291
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Number of Tables Produced
1/1
)(28) SZA - I Hate U (Visualiz x+
com/ilrn/takeAssignment/takeAssignmentMan.ao?inprogress=true
A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced.
Total Costs = Y = $
131
X 09
B. Predict the utility costs if 800 tables are produced.
Maintenance cost $
3,011
C. Predict the utility costs if 600 tables are produced.
Maintenance cost $
2,291
D. A scatter graph of the cost data is below.
006
008
00Z
009
000
$2,500
$3,500
000'ES
000o
Factory Utility Expenses
The relationship between number of tables produced and utility expenses is:
positive linear.
All work saved.
26°F Sunny
Transcribed Image Text:II
1/1
(28) SZA - I Hate U (Visualiz X +
m/ilrn/takeAssignment/takeAssignmentMam.uo?inprogress-true
The following cost data from Hickory Furniture is for the year 2017.
Number of
Factory
Tables
Utility
Month
Produced
Expenses
January
550
$2,063
February
2,663
OTZ
March
650
2,438
April
1,823
May
512
1,920
June
625
2,344
July
3,019
August
2,813
September
675
2,531
October
525
696'
November
875
3,281
December
685
2,569
A. Using the high-low method, express the company's utility costs as an equation where X represents number of tables produced.
Total Costs = Y = $
131 +
3.60 x
B. Predict the utility costs if 800 tables are produced.
Maintenance cost $
3,011
All work saved.
26°F Sunny ^
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