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Waddy Co. uses the high-low method to analyze mixed costs. Below are the production and cost data for the mixed costs incurred by Waddy for
Waddy Co. uses the high-low method to analyze mixed costs. Below are the production and cost data for the mixed costs incurred by Waddy for the last 6 months of 2020. Month Cost (Y) Units Produced (X) July $ 19,975 6,500 August 20,120 6,400 September 32,400 10,600 October 44,200 15,000 November 29,000 9,600 December 36,680 13,200 What is the equation for total costs of Waddy Co. based on this data? O Y = $1,450 + $2.85% = O Y = $2,200 + $2.80X O Y = $4,574 + $2.43X Y = $39,250 + $0.33X
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