Multiple Choice
Use the information below to answer the following question(s) .
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 derived from using the high-low method?
A) y = $43,191 + $0.19x
B) y = $4,875 + $4.28x
C) y = $41,900 + $0.23x
D) y = $2,430 + $4.28x
E) y = -$4,875 + $5.25x
Correct Answer:

Verified
Correct Answer:
Verified
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