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High-low and regression cost estimation methods are alike in that they both: Select one: a. Provide the same accuracy and reliability b. Have a slope

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High-low and regression cost estimation methods are alike in that they both: Select one: a. Provide the same accuracy and reliability b. Have a slope term but not an intercept term. c. Have an intercept term and a slope term. d. Have an intercept term but not a slope term. XYZ Company uses the high-low method to analyze mixed costs. During the year, the highest level of activity was in May and the lowest level of activity was in February. In February, the company worked 11,00 hours and had a total cost of $46,300. In May, the company worked 27,000 hours and had a total cost of $110,300. What is the estimated total costat an operating level of 20,000 hours? Select one: a. $48,550 b. None of the answers given c. $86,300 d. $90,300 e. $82,300

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