Business, 04.07.2020 03:01, Gladistshiala267

Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense: Month Units Shipped Total Shipping Expense
January 3 $1,800
February 6 $2,300
March 4 $1,700
April 5 $2,000
May 7 $2,300
June 8 $2,700
July 2 $1,200

Required:
a. Prepare a scattergraph using the data given above Plot cost on the vertical axis and activity on the horizontal axis.
b. Using the high-low method, estimate the cost formula for shipping expense.

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Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It g...