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11 Shock Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of
11 Shock Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost(Y) Hours(H) January $7,310 270 February $9,135 740 March $7,550 420 April $ 7,495 340 May $ 9,500 1,000 $9,040 715 June How should the cost function be properly stated using the high-low method? None of these answers are correct. Y $6,500 $3.00H. Y $6,065 $2.00H. Y $6,230 +$3.00H. Y $6,005+$2.00H
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