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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 frst six months of
Georgia Meadows Company uses the high-low method to analyze production costs. The following information relates to the production data for the frst six months of the year. Month Cost(Y) Hours(H) January $11, 242 6, 800 February $10,000 6,130 March $12,400 7,770 April $ 9,685 5,880 May $ 9,900 5,770 June $11, 303 6,930 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) Me Choice Y-3367 $125 Y-$3.237 S105H Y = $2,687 $125H Y =$1625.50.162H
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