Question
The following data has been assembled for Tiger Company. Use the high-low method. Month Cost Hours January 24400 2000 February 39000 2200 March 35280 2750
The following data has been assembled for Tiger Company. Use the high-low method.
Month Cost Hours
January 24400 2000
February 39000 2200
March 35280 2750
April 36400 3500
May 44160 3900
The function is __________ where Y = total cost and X = number of hours.
Y = $ 3,600 + $10.40 X
Y = $10,112 + $8.64 X
Y = $21,360 + $1.52 X
Y = $26,672 + $1.84 X
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
