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Presented below are the production data for the first six months of the year for the mixed costs incurred by Vertise Company; Month Cost Units
- Presented below are the production data for the first six months of the year for the mixed costs incurred by Vertise Company;
Month | Cost | Units |
January | $4,890 | 4,100 |
February | 4,426 | 3,520 |
March | 6,730 | 5,200 |
April | 9,724 | 8,250 |
May | 5,900 | 4,900 |
June | 7,336 | 6,600 |
Vertise Company uses the high-low method to analyze mixed costs. How would the cost function be stated?
- Y = $7,850 + $1.18X
- Y = $2,388 + $1.12
- Y = $5,298 + $1.19X
- Y = $484 +$1.12X
- None of the above
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