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Estimate the cost formula for shipping expense

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Reference no: EM132500302

Zerbel Company, a wholesaler of large, custom-built air-conditioning units for commercial buildings, has noticed considerable fluctuation in its shipping expense from month to month, as shown below:

Month        Units

Shipped  Total Shipping

Expense January 10 $8,891

February 13 $10,866

March 11 $9,711

April8 $7,420

May9 $8,372

June12 $10,521

July16 $13,300

Required:

Question 1. Using the high-low method, estimate the cost formula for shipping expense.

Reference no: EM132500302

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