Day Mail Order Co. applied the high-low method of cost estimation to customer order data for the first four months of 2005. What is the estimated variable order filling cost component per order?
|
Month |
Orders |
Cost |
|
|
January |
1,200 |
$ |
3,120 |
|
February |
1,300 |
3,185 |
|
|
March |
1,800 |
4,320 |
|
|
April |
1,700 |
3,895 |
|
|
6,000 |
$ |
14,520 |
|
- $2.00
- $2.42
- $2.48
- $2.50