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The cost equation (15 marks). 1st quarter 2018 2nd quarter 2018 3rd quarter 2018 4th quarter 2018 1st quarter 2019 2nd quarter 2019 3rd quarter

The cost equation (15 marks). 1st quarter 2018 2nd quarter 2018 3rd quarter 2018 4th quarter 2018 1st quarter 2019 2nd quarter 2019 3rd quarter 2019 4th quarter 2019 Cost 5,355 10,658 8,656 12,560 5,000 11,988 6,215 5,976 Units 2,100 4,000 3,200 5000 1,976 4800 2,150 2,100 Using the high-low method, express the costs in equation form Y=a+bX, Show all your calculation to earn marks. (10 marks)

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