Solution-Comment on the accuracy of the high-low estimates

Comment on the accuracy of the high-low estimates

Reference no: EM131817306

Question - High-Low Method; Scattergraph Analysis

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

Month	Units Shipped	Total Shipping Expense
January	4	$2,200
February	7	$3,100
March	5	$2,600
April	2	$1,500
May	3	$2,200
June	6	$3,000
July	8	$3,600

Comment on the accuracy of the high-low estimates assuming a least-squares regression analysis estimated the total fixed costs to be $1,010.71 per month and the variable cost to be $317.86 per unit.

Reference no: EM131817306

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Comment on the accuracy of the high-low estimates

Reference no: EM131817306

Reference no: EM131817306

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