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Question 182

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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? A) y = $43,191 + $0.19X B) y = $4,875 + $4.28X C) y = $41,900 + $0.23X D) y = $2,430 + $4.28X
-What is the cost function?


A) y = $43,191 + $0.19X
B) y = $4,875 + $4.28X
C) y = $41,900 + $0.23X
D) y = $2,430 + $4.28X

Correct Answer:

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