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The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Frontive Company has
- The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Frontive 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 | Hours |
$24,700 | 5,000 |
26,000 | 5,500 |
34,000 | 7,500 |
45,370 | 10,300 |
38,000 | 9,500 |
What is the estimated total cost at an operating level of 9,000 hours?
- $40,300
- $39,644
- $44,460
- $35,100
- None of the above
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