The following data has been assembled for Tiger Company.Use the high-low method. The cost function is ________ where Y = Total cost and X = Number of hours.
A)Y = $3,600 + $10.40X
B)Y = $10,112 + $8.64X
C)Y = $21,360 + $1.52X
D)Y = $26,672 + $1.84X

Question

The following data has been assembled for Tiger Company.Use the high-low method.  The cost function is ________ where Y = Total cost and X = Number of hours.
A)Y = $3,600 + $10.40X 
B)Y = $10,112 + $8.64X 
C)Y = $21,360 + $1.52X 
D)Y = $26,672 + $1.84X

Quizplus · Accepted Answer

The Answer of The following data has been assembled for Tiger Company.Use the high-low method.  The cost function is ________ where Y = Total cost and X = Number of hours.
A)Y = $3,600 + $10.40X 
B)Y = $10,112 + $8.64X 
C)Y = $21,360 + $1.52X 
D)Y = $26,672 + $1.84X

The Following Data Has Been Assembled for Tiger Company