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Tristan Inks Company has compiled the following data for the last five months of operations: Month Labor Hours Cost of Sales August 160 617 September
Tristan Inks Company has compiled the following data for the last five months of operations:
Month | Labor Hours | Cost of Sales |
August | 160 | 617 |
September | 130 | 553 |
October | 180 | 596 |
November | 190 | 725 |
December | 110 | 532 |
Applying the HIGH-LOW METHOD, derive the cost equation. _____________________.
Note: This is the only question that requires an answer that is not just numerical. For uniformity of answers do not include the currency sign. Do not place any spaces. Round-off FIXED COSTS to a whole number (no decimal places) and for VARIABLE COST per unit use 2 decimal places.
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