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Question 167

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Answer the following questions using the information below:
The Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Gangwere 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 Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Gangwere Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.    -How is the cost function stated? A) y = $26,672 + $1.84X B) y = $21,360 + $10.40 C) y = $10,112 + $8.64X D) y = $3,600 + $10.40X
-How is the cost function stated?


A) y = $26,672 + $1.84X
B) y = $21,360 + $10.40
C) y = $10,112 + $8.64X
D) y = $3,600 + $10.40X

Correct Answer:

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