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 $24,000 $26,100 $34,700 $48,000 $38,300 Hours 5,000 6,300 7,900 11,000 9,250 What is the cost function? y = $34,700 + $4.80X y = $24,000 + $4.36X y = $4,000+ $4,00X y = $48,000 + $4.80X