Global Publishers Has Collected the Following Data for Recent Months

question 109

Essay

Global Publishers has collected the following data for recent months:
Month Issues published Total cost
March 20,500 $20,960
April 21,800 22,464
May 17,750 18,495
June 21,200 21,395
​
Required:
(a)Using the high-low method,find variable cost per unit,total fixed costs,and the total cost equation.
(b)What is the estimated cost for a month in which 19,000 issues are published?

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Definitions:

Mean Score

The arithmetic average obtained by adding together all the scores and dividing by the number of scores.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values.

IQ Tests

Standardized tests designed to measure human intelligence and cognitive abilities in comparison to an age-specific normative population.

Flynn Effect

The observed rise over time in standardized intelligence test scores, thought to reflect changes in environmental factors.