EB9. 2.3 The cost data for BC Billing Solutions for the year 2020 is as follows: Month Invoices Processed Overtime Wages January 12000 $7,760 February 8000 $6,800 March 1000 $6,000 April 7000 $6,100 May 5000 $6,200 June 10000 $7,300 July 11000 $7,400 August 9000 $6,900 September 5000 $6,500 October 9000 $6,600 November 8000 $6,800 December 11000 $7,450 A. Using the high-low method, express the company’s overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800. B. Predict the overtime wages if 9,000 invoices are processed. C. Predict the overtime wages if 6,500 invoices are processed. D. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.

Part A High low formula Y=a+bx where b=(Y2-Y1)/(X2-X1) Where Y2 highest overtime wages(7760) Y1…

Answered: EB9. 2.3 The cost data for BC Billing…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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EB9. 2.3 The cost data for BC Billing Solutions for the year 2020 is as follows:
	Month	Invoices Processed	Overtime Wages
	January	12000	$7,760
	February	8000	$6,800
	March	1000	$6,000
	April	7000	$6,100
	May	5000	$6,200
	June	10000	$7,300
	July	11000	$7,400
	August	9000	$6,900
	September	5000	$6,500
	October	9000	$6,600
	November	8000	$6,800
	December	11000	$7,450



A. Using the high-low method, express the company’s overtime wages as an equation where x represents number of invoices processed. Assume BC has monthly fixed costs of $3,800.
B. Predict the overtime wages if 9,000 invoices are processed.
C. Predict the overtime wages if 6,500 invoices are processed.
D. Using Excel, create a scatter graph of the cost data and explain the relationship between the number of invoices processed and overtime wage expense.

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