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Global Publishers Has Collected the Following Data for Recent Months

Question 109

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Global Publishers has collected the following data for recent months:
Month Issues published Total cost
March 20,500 $20,960
April 21,800 22,464
May 17,750 18,495
June 21,200 21,395
​
Required:
(a)Using the high-low method,find variable cost per unit,total fixed costs,and the total cost equation.
(b)What is the estimated cost for a month in which 19,000 issues are published?

Correct Answer:

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(a)Variable cost per unit = ($22,464 - $...

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