Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's cont

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Martha S Vineyard Marine Supply Is A Wholesaler For A Large Variety Of Boating And Fishing Equipment The Company S Cont 1 (74.66 KiB) Viewed 8 times

Martha's Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company's controller, Mathew Knight, has recently completed a cost study of the firm's material-handling department in which he used work measurement to quantify the department's activity. The control factor unit used in the work-measurement study was hundreds of pounds of equipment unloaded or loaded at the company's loading dock. Knight compiled the following data. Month January February March April May June July August September October November December Units of Activity (hundreds of pounds of equipment loaded or unloaded) 3,000 2,800 2,700 4,200 3,400 3,600 4,000 Material-handling cost per month = 3,800 2,600 2,900 3,200 3,400 Material Handling Department Costs $26,070 25, 510 24,930 30, 200 27,240 28,400 30,070 28, 060 23,800 25, 690 26, 580 27,540 Required: 5. Estimate the material-handling department's cost behavior using the high-low. method. Use an equation to express the results of this estimation method. (Round coefficient of X to 2 decimal places.) X