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6. Information for costs incurred at Loranz, Inc. in the first quarter follows: Month Cost Activity Auto expense January$17,60032,000 miles driven February$16,22529,500 miles driven March$17,10531,100

6. Information for costs incurred at Loranz, Inc. in the first quarter follows:

MonthCostActivity

Auto expense January$17,60032,000 miles driven

February$16,22529,500 miles driven

March$17,10531,100 miles driven

Using the cost formula y= mx + b, estimate the cost formula for auto expense.

Group of answer choices

Y = .39X

Y = .55X

Y =.55X + 495

Y = 17,600

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