Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the...
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Accounting
Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:
| Month | Units Shipped | Total Shipping Expense | ||
| January | 30 | $ | 1,800 | |
| February | 60 | $ | 2,300 | |
| March | 40 | $ | 1,700 | |
| April | 50 | $ | 2,000 | |
| May | 70 | $ | 2,300 | |
| June | 90 | $ | 2,670 | |
| July | 20 | $ | 1,200 | |
Required: Using the high-low method, calculate the equation of a cost line for the shipping expense for this company (Y = a + bX)
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