Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.
$$\begin{array} { l r r }
\text { Month } & \text { Cost } & \text { Units } \
\text { January } & \$ 4,076 & 3,050 \
\text { February } & 4,012 & 3,000 \
\text { March } & 5,560 & 4,270 \
\text { April } & 7,840 & 6,500 \
\text { May } & 5,100 & 3,700 \
\text { June } & 6,780 & 5,600
\end{array}$$
Crew Industries uses the high-low method to analyze mixed costs.
(1)How would the cost function be stated? (Round results to the nearest cent. )
(2)What is the estimated total cost at an operating level of 5,000 units?

Question

Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.
 $$\begin{array} { l r r } 
\text { Month } & \text { Cost } & \text { Units } \
\text { January } & \$ 4,076 & 3,050 \
\text { February } & 4,012 & 3,000 \
\text { March } & 5,560 & 4,270 \
\text { April } & 7,840 & 6,500 \
\text { May } & 5,100 & 3,700 \
\text { June } & 6,780 & 5,600
\end{array}$$ 
Crew Industries uses the high-low method to analyze mixed costs.
(1)How would the cost function be stated? (Round results to the nearest cent. )
(2)What is the estimated total cost at an operating level of 5,000 units?

Quizplus · Accepted Answer

The Answer of Presented below are the production data for the first six months of the year for the mixed costs incurred by Crew Industries.
 $$\begin{array} { l r r } 
\text { Month } & \text { Cost } & \text { Units } \
\text { January } & \$ 4,076 & 3,050 \
\text { February } & 4,012 & 3,000 \
\text { March } & 5,560 & 4,270 \
\text { April } & 7,840 & 6,500 \
\text { May } & 5,100 & 3,700 \
\text { June } & 6,780 & 5,600
\end{array}$$ 
Crew Industries uses the high-low method to analyze mixed costs.
(1)How would the cost function be stated? (Round results to the nearest cent. )
(2)What is the estimated total cost at an operating level of 5,000 units?

Presented Below Are the Production Data for the First Six