Question 11 (2.5 points) The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Cost Hours $24,000 5,000 $26,100 6,300 $34,700 7,900 $48,000 11,000 $38,300 9,250 What is the cost function? Oy= $34,700 + $4.80X Oy= $48,000 + $4.80X Oy= $4,000 + $4.00X Oy = $24,000 + $4.36X