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Answer the following questions using the information below: Syosis Company uses the high-low method to estimate its cost function. The information for 2015 is provided
Answer the following questions using the information below: Syosis Company uses the high-low method to estimate its cost function. The information for 2015 is provided below: Highest obrvation of oet driver Lowest observation of cost driver Machine-hours 2,500 1,500 Costs $300,000 $ 220,000 What is the slope coefficient? Select one a. S120.00 O b. $147.00 O c. $80.00 O d. $130.00 Answer the following questions using the information below: Syosis Company uses the high-low method to estimate its cost function. The in formation for 2015 is provided below: achine-hours osts Highest observation of cost driver Lowest observation of cost driver 2,500 1,500 $300,000 $ 220,000 What is the constant for the estimated cost equation? Select one O a. $220,000 O b. $300,000 O c. $100,000 O d. $0
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