Number of Month Tables Produced EA 10. LO 2.3 This cost data from Hickory Furniture is for the year 2017. Factory Utility Expenses January 550 $2,063 February 710 2,663 March 650 2,438 April 470 1,823 May 512 1,920 June 625 2,344 July 805 3,019 August 750 2,813 September 675 2,531 October 525 1,969 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. B. Predict the utility costs if 800 tables are produced. C. Predict the utility costs if 600 tables are produced. D. Using Excel, create a scatter graph of the cost data and explain the relationship between number of tables produced and utility expenses.

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Month
Number of
Tables Produced
EA 10. LO 2.3 This cost data from Hickory Furniture is for the year 2017.
Factory
Utility Expenses
January
550
$2,063
February
710
2,663
March
650
2,438
April
470
1,823
May
512
1,920
June
625
2,344
July
805
3,019
August
750
2,813
September
675
2,531
October
525
1,969
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.
B. Predict the utility costs if 800 tables are produced.
C. Predict the utility costs if 600 tables are produced.
D. Using Excel, create a scatter graph of the cost data and explain the relationship between number of
tables produced and utility expenses.
Transcribed Image Text:Month Number of Tables Produced EA 10. LO 2.3 This cost data from Hickory Furniture is for the year 2017. Factory Utility Expenses January 550 $2,063 February 710 2,663 March 650 2,438 April 470 1,823 May 512 1,920 June 625 2,344 July 805 3,019 August 750 2,813 September 675 2,531 October 525 1,969 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. B. Predict the utility costs if 800 tables are produced. C. Predict the utility costs if 600 tables are produced. D. Using Excel, create a scatter graph of the cost data and explain the relationship between number of tables produced and utility expenses.
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