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The following information pertains to Joe Coffee Company's monthly activity and total costs: Volume of Activity Total Cost 550 units $5,200 600 units $5,500 750
The following information pertains to Joe Coffee Company's monthly activity and total costs:
Volume of Activity | Total Cost |
550 units | $5,200 |
600 units | $5,500 |
750 units | $5,800 |
What would be the best equation for predicting total costs using the high-low method?
Select one:
A. Y = $3 + $1,500X
B. Y = $3,550 + $3X
C. Y = $3 + $2,100 X
D. Y = $2,250 + $3X
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