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nis TestE 100 pts possible Sherman Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2018. The following cost and othe data were gathered for 2017 EE (click the icon to view, the cost and other data) Read the reaurements Requirement 1. Which of the preceding oosts is variable? Fixed? Mixed? Explain Cost Cost Maintenance Health insurance function Explanation Shipping costs Requirement 2. Using the high-low method, determine the cost function for each cost Begin by selecting the general formula that represents the linear cost function for each cost Maintenance Health insurance Shipping costs Now determine the cost function for each cost. (Enter all values in the same format as the general Iinear formula. If a box is not used in the equation, leave the box empty: do not enter a zero or select a label.) Cost function Maintenance Health insurance y Shipping costs y- Requirement 3. Combine the preceding information to get a monthy operating cost function for the Sherman Corporation Monthly operating cos Requirement 4. Next month, Sherman expects to use 380 machine hours, have 60 erployees. and ship 9,600 unts. Estimate he sotal operating cost for the month Monthly operating cost

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