Use the information below to answer the following question(s).
The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.

-The cost function would be stated as
A) Y = $13,386 + $0.46X.
B) Y = $10,680 + $0.38X.
C) Y = $5,056 + $2.16X.
D) Y = $1,800 + $2.16X.
E) Y = $1,800 + $2.60X.

Question

Use the information below to answer the following question(s).
The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
 
-The cost function would be stated as
A) Y = $13,386 + $0.46X. 
B) Y = $10,680 + $0.38X. 
C) Y = $5,056 + $2.16X. 
D) Y = $1,800 + $2.16X. 
E) Y = $1,800 + $2.60X.

Quizplus · Accepted Answer

The Answer of Use the information below to answer the following question(s).
The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
 
-The cost function would be stated as
A) Y = $13,386 + $0.46X. 
B) Y = $10,680 + $0.38X. 
C) Y = $5,056 + $2.16X. 
D) Y = $1,800 + $2.16X. 
E) Y = $1,800 + $2.60X.

Use the Information Below to Answer the Following Question(s)