Current Attempt in Progress Sheridan Company collected the following production data for the past quarter: Units Month Produced March April May 5500 4500 3900 Total Cost Save for Later $191000 175000 If Sheridan uses the high-low method to project costs for the next quarter, what total cost equation will the company use? = 139800 O Total cost = $0+ $80/unit x Quantity O Total cost $77400+ $16/unit x Quantity O Total cost = $61800 + $20/unit x Quantity O Total cost = $15000+ $32/unit x Quantity Attempts: 0 of 1 used Submit An

For the coming year, Cabinet Inc. anticipates fixed costs of $199,100, a unit variable cost of $70, and a unit selling price of $125. The maximum sales within the relevant range are $912,250. a. Determine the maximum possible operating loss. $ X

Spartans Inc gathered data on sales (in units) and costs ($) over the past 12 months (displayed below) and estimated its cost function as: Y = $2,395 + $34.81(X) Month January February March April May June July August September October November Sales (units) December 228 129 218 156 177 68 129 83 90 107 139 Costs ($) $10,332 $8,651 $11,294 $9,734 $10,006 $4,762 $6,837 $5,138 $8,004 $7,774 $10,869 $6,935 98 (data used to generate cost function) Over the next three months Spartans Inc. has forecasted units sales (in units) as shown below. Estimate the total costs to be incurred and indicate whether the cost function generates a reliable forecast value

Develop an equation for total monthly production costs. Total Monthly Production costs = Fixed Costs  + Variable Costs  = _____________ + ($ per unit X Number of units)  Predict total costs for a monthly production volume of 9,000 units.