The following four months of data were collected on utility cost and the number of labor hours in a factory.

- What would be the estimate of electricity cost if the factory incurred 4,700 labor hours next month?
A) $9,400
B) $20,260
C) $23,140
D) $19,560

Question

The following four months of data were collected on utility cost and the number of labor hours in a factory.

-  What would be the estimate of electricity cost if the factory incurred 4,700 labor hours next month?
A) $9,400 
B) $20,260 
C) $23,140 
D) $19,560

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
24,600 - ($2.00 × 5,430) = $13,740
OR
$20,140 - ($2.00 × 3,200) = $13,740
$13,740 + ($2.00 × 4,700)

The Following Four Months of Data Were Collected on Utility