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The following12 months of data have been gathered for the receiving activity:
Month, Purchase Orders & Receiving Cost
1 1223 $57,583
2 1856 $81,849
3 1798 $60,552
4 2326 $82,448
5 1986 $64,775
6 1546 $64,865
7 1859 $61,929
8 2012 $65,369
9 1859 $61,928
10 1568 $65,369
11 1986 $64,773
12 1846 $61,632
14. Using the high-low method, what is the cost formula for the receiving function? _________________
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