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Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the first six months


 

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Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the first six months of the year. Month Cost (Y) Hours (H) January $ 8,992 6,575 February $ 8,125 5,980 March $10,150 7,545 April $ 7,810 5,730 May $ 7,650 5,545 June $ 9,503 6,780 How should the cost function be properly stated using the high-low method? (Round variable cost per unit to 2 decimal places and total fixed cost to the nearest whole dollar.)

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