Oki products ltd has observed the following processing

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Reference no: EM13578906

Oki Products, LTD., has observed the following processing costs at various levels of activity over last 15 months:

Month	Units Produced	Processing Cost
1	4,500	$38,000
2	11,000	$52,000
3	12,000	$56,000
4	5,500	$40,000
5	9,000	$47,000
6	10,500	$52,000
7	7,500	$44,000
8	5,000	$41,000
9	11,500	$52,000
10	6,000	$43,000
11	8,500	$48,000
12	10,000	$50,000
13	6,500	$44,000
14	9,500	$48,000
15	8,000	$46,000

Use the company's historical data for months 1 to 15 and

(i) Find the High-Low equation for this company, and then

(ii) Use the High-Low equation to predict the processing cost for month 20 when the company plans to produce 7,000 units, and also

(iii) use the High-Low equation to predict the processing cost for month 21 when the company plans to produce 10,300 units.

Reference no: EM13578906

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