Question
Month # Machine Hours (X) Maintenance Costs (Y) Jan 3000 $490 Feb 4500 $680 Mar 8100 $520 Apr 7000 $580 May 6100 $560 Jun 8100
| Month | # Machine Hours (X) | Maintenance Costs (Y) | |
| Jan | 3000 | $490 | |
| Feb | 4500 | $680 | |
| Mar | 8100 | $520 | |
| Apr | 7000 | $580 | |
| May | 6100 | $560 | |
| Jun | 8100 | $1000 | |
| Jul | 3700 | $830 | |
| Aug | 5400 | $580 |
What is the equation of the line using the high-low method and this data?
$1000 = 190 + (0.10X)
Y = $190 + (0.10 x 8100)
Y = 190 + ($0.10X)
X = 190 + ($190Y)
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 2
978-1119048473
