Question: The manager of Quality Car Inspection reviewed the monthly operating costs for the past year. The costs ranged from $4,200 for 1,200 inspections to $3,800 for 800 inspection.
Requirement 1. Calculate the variable cost per inspection.
2. Calculate the total fixed costs.
3. Write the equation and calculate the operating cost for 1,000 inspections.
4.Draw a graph illustrating your total cost under this plan.Show the cost at 800,1,000,and 1,200 inspections. (Use the high-low method for all calculations.)
Select the formula and enter the amounts to calculate the variable cost per inspection.(Round to the nearest cent.)