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LHJ Company collected the following production data for the past month: Units Produced Total Cost 1,600 $66,000 1,200 57,000 1,500 67,500 800 38,000 If the

LHJ Company collected the following production data for the past month:

Units Produced Total Cost

1,600 $66,000

1,200 57,000

1,500 67,500

800 38,000

If the high-low method is used, what is the monthly total cost equation?

a. Total cost = $1,900 + $46.8/unit
b.

Total cost = $4,000 + $42.5/unit

c.

Total cost = $13,400 + $32/unit

d. Total cost = $5,500 + $38/unit

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