Exam 10: Determining How Costs Behave

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The cost function y = 2,000 + 6X:

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Answer the following questions using the information below: The Barnett Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Barnett Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Answer the following questions using the information below: The Barnett Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Barnett Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.    -What is the cost function? -What is the cost function?

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