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The Targhee Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Targhee has
The Targhee Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Targhee has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation (Click the icon to view the assembled data.) Read the requirements Requirement a. What is the slope coefficient? The slope coefficient is Requirement b. What is the constant for the estimated cost equation? The constant is Requirement c. What is the estimated cost function for the above data? S Requirement d. What is the estimated total cost at an operating level of 2,800 hours? The estimated total cost at an operating level of 2.500 hours is Data table Month Cost Hours January $ 36.100 3,300 February 34,600 2,700 March 32.380 3,000 April 34,100 3,200 May 70.600 5,700 June 41.100 3,950 Print Done
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