• CleanTech Solutions, an environmental consultancy, needs to analyze its project costs based on project hours.
• Data Collected:
  • Project A: Total Costs: $50,000, Hours Worked: 500
  • Project B: Total Costs: $80,000, Hours Worked: 800
• Tasks:
  • Use the High-Low Method to determine the variable cost per hour and fixed costs.
  • Develop a cost equation.
  • Predict costs for a project requiring 1,000 hours.
  • Analyze the cost-effectiveness of hiring additional consultants.