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Estimate a cost formula for shipping expense

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Reference no: EM132764496

The following data relating to units shipped and total shipping expense have been assembled by Archer Company, a wholesaler of large, custom-built air-conditioning units for commercial buildings:

                                       Units                  Total Shipping

                                                  Month            Shipped Expense

January . . . . . . . .                3                    $1,800

February. . . . . . . .               6                 $2,300

March. . . . . . . . . .               4                 $1,700

April . . . . . . . . . . .                5               $2,000

May . . . . . . . . . . .              7                  $2,300

June . . . . . . . . . . .               8              $2,700

July. . . . . . . . . . . .              2                $1,200

Required:

Problem a. Using the high-low method, estimate a cost formula for shipping expense.

Reference no: EM132764496

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