Solved

Taunton Company Uses the High-Low Method to Estimate Its Cost

Question 145

Multiple Choice

Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below:
Taunton Company uses the high-low method to estimate its cost function. The information for 2017 is provided below: What is the estimated cost function for the above data? A) y = 332,000 + 83X B) y = 312,000 + 104X C) y = 252,000 + 20.00X D) y = 92.00X
What is the estimated cost function for the above data?


A) y = 332,000 + 83X
B) y = 312,000 + 104X
C) y = 252,000 + 20.00X
D) y = 92.00X

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q140: Which cost estimation method uses time-and-motion studies

Q141: For Heavy Manufacturing Company, labor-hours are 48,000

Q142: For Heavy Manufacturing Company, labor-hours are 40,000

Q143: Machine-hours is a more economically plausible cost

Q144: Regression analysis is a statistical method that

Q146: In a cost function y = 18,000,

Q147: To complete the first setup on a

Q148: A particular cost item could be variable

Q149: Crimson Services, Inc., employs 8 individuals. They

Q150: A plot of data that results in