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Determine the cost equation to estimate customer web site

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Reference no: EM132590838

Costco has recently started to take the customer orders over the web site. Following is the past data for first six month:

Month               Customer Web site costs                   Number of Web site hits

January                        $8,960                                      11,600

February                        $8,762                                        11,270

March                              $9,032                                        11,720

April                                    $8,942                                 11,570

May                                          $8,420                            10,700

June                                          $8,492                            10,820

Required:

Question 1: Using the high-low method, estimate the variable cost per Web site hit and the monthly fixed costs.

Question 2: Determine the cost equation to estimate the customer Web site expenses for Costco Online.

Question 3: If Costco expects 9,500 Web site hits for July, what are their anticipated costs for July?

Reference no: EM132590838

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