TB MC Qu. 8-69 (Algo) The cost function: Shock Company Shock Company uses the high-low method to analyze mixed costs. The following Information relates to the production data for the first six months of the year. Month January Cost(Y) $ 7,330 Hours(H) 290 February $ 9,155 760 March $ 7,570 440 April $ 7,515 360 May $ 9,580 1,040 June $ 9,060 735 How should the cost function be properly stated using the high-low method? Multiple Choice Y $5,965 $2.00H. Y = $6,460 +$3.00H. Y = $6,025+$2.00H. Y = $6,190 - $3.00H. None of these answers are correct