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Question 64

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Use the information below to answer the following question(s) .
The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
Use the information below to answer the following question(s) . The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.    -The cost function would be stated as A)  Y = $13,386 + $0.46X. B)  Y = $10,680 + $0.38X. C)  Y = $5,056 + $2.16X. D)  Y = $1,800 + $2.16X. E)  Y = $1,800 + $2.60X.
-The cost function would be stated as


A) Y = $13,386 + $0.46X.
B) Y = $10,680 + $0.38X.
C) Y = $5,056 + $2.16X.
D) Y = $1,800 + $2.16X.
E) Y = $1,800 + $2.60X.

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