Answer the Following Questions Using the Information Below:
the Frontive

Multiple Choice

Answer the following questions using the information below:
The Frontive Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Frontive Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
$\begin{array}{rr}\text { Cost}&\text { Hours }\\\$ 24,700 & 5,000 \\26,000 & 5,500 \\34,000 & 7,500 \\45,370 & 10,300 \\38,000 & 9,500\end{array}$
-What is the cost function?

A) y = $45,370 + $4.19X
B) y = $24,700 + $4.40X
C) y = $34,000 + $4.94X
D) y = $5,200 + $3.90X