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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

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.

Connors Company data
Cost Hours
$24,360 5,800
$26,400 6,150
$35,000 7,650
$42,360 13,000
$38,100 9,750

What is the cost function?

Group of answer choices

y = $42,360 + $4.20X

y = $24,360 + $3.26X

y = $35,000 + $4.20X

y = $9,860 + $2.50X

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