Sherman Corporation uses the high-low method to calculate the cost function. Below contains a table that shows the following information: Highest observation of cost driver Lowest observation of cost driver A. Y= 7,500 + 55x B. Y=7,500 + 70x OCY=11,000 + 55x Machine hours 500 What is the slope coefficient per machine hour and the constant for the cost equation? OD.Y= 11,000 +70x 300 Labor Costs $35000 $24000 K

Sherman Corporation uses the high-low method to calculate the cost function. Below contains a table that shows the following information: What is the slope coefficient per machine hour and the constant for the cost equation? A. Y=7,500+55x B. Y=7,500+70x C. Y=11,000+55x D. Y=11,000+70x