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# The Melina Corporation has gathered the following data on its copy machine costs for the first eight ...

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The Melina Corporation has gathered the following data on its copy machine costs for the first eight months of the year.

 Month Number of Copies Total Copy Cost
 January 60,000 $7,400 February 50,000 6,500 March 70,000 7,000 April 90,000 9,200 May 80,000 7,600 June 100,000 8,500 July 120,000 10,000 August 110,000 9,800 Required: Use 5 decimals on 'per unit' amounts.  a. Prepare a scattergraph of the cost information and then choose a line that you believe best represents the cost function. Represent your line with a cost equation of the form, y = mx + b. Show your calculations.  b. Using the high-low method, what is the variable cost per copy?  c. Using the high-low method, what is the fixed cost per month?  d. Using the high-low method, represent the cost function in the form, y = mx + b.  e. Using your cost equation from part (d), provide your best estimate of the copy costs for September if 68,000 copies will be made. Why does your estimate differ from the$7,000 cost incurred in March, when 70,000 copies were made rather than 68,000?
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## Managerial Accounting

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