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Estimate a cost formula for utilities

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Reference no: EM132583030

Year             Output Volume unit             Total Cost

2014                   70,500                          145,500

2015                    85,000                         160,000

2016                    95,000                          170,000

2017                     98,000                        180,000

2018                      75,000                     160,000

Required:

Question 1. Calculate the total cost that should be expected in 2019 if output is 90,000 units

Question 2. Using the high low method, estimate a cost formula for utilities. Express the formula in the form of Y = a+bX

Reference no: EM132583030

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