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The Following Data Pertains to Activity and Utility Cost for Two

Question 68

Multiple Choice

The following data pertains to activity and utility cost for two recent periods:
The following data pertains to activity and utility cost for two recent periods: Utility cost is a mixed cost with both fixed and variable components.Using the high-low method,the cost formula for utility cost is: A) Y = $1.65 X B) Y = $1.75 X C) Y = $3,750 + $1.75 X D) Y = $6,000 + $1.25 X Utility cost is a mixed cost with both fixed and variable components.Using the high-low method,the cost formula for utility cost is:


A) Y = $1.65 X
B) Y = $1.75 X
C) Y = $3,750 + $1.75 X
D) Y = $6,000 + $1.25 X

Correct Answer:

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