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Question 58

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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.
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.
-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.

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