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Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below. Highest observation of cost driver Lowest observation

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Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below. Highest observation of cost driver Lowest observation of cost driver Machine - hours 1,000 200 Labor Costs $32,000 $16,000 What is the constant for the estimated cost equation? O A. $20,000 OB. $16,000 O c. $32,000 OD. $12,000

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