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Use the following data and the high-low method to determine the cost equation: Units Total Produced Costs January 1000 $45,550 February 1500 $52,000 March 2100
Use the following data and the high-low method to determine the cost equation:
| Units | Total | |
| Produced | Costs | |
| January | 1000 | $45,550 |
| February | 1500 | $52,000 |
| March | 2100 | $61,500 |
| April | 1800 | $62,000 |
| May | 750 | $41,250 |
| | Y = 15X + 30,000 | |
| | Y = 15.25X + 31,500 | |
| | None of these is correct. | |
| | Y = 7.5X + 41,250 |
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Auditing
Authors: Alan Millichamp, John Taylor
10th Edition
1408044080, 978-1408044087
