The following data pertains to activity and utility cost for two recent periods: Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)
A) Y = $1.65 X
B) Y = $1.75 X
C) Y = $3,750 + $1.75 X
D) Y = $6,000 + $1.25 X

Question

The following data pertains to activity and utility cost for two recent periods:  Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)
A) Y = $1.65 X 
B) Y = $1.75 X 
C) Y = $3,750 + $1.75 X 
D) Y = $6,000 + $1.25 X

Quizplus · Accepted Answer

The Answer of The following data pertains to activity and utility cost for two recent periods:  Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)
A) Y = $1.65 X 
B) Y = $1.75 X 
C) Y = $3,750 + $1.75 X 
D) Y = $6,000 + $1.25 X

The Following Data Pertains to Activity and Utility Cost for Two