Multiple Choice
Cosby Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours Repair Costs
4,800 $6,385
3,400 4,585
4,000 5,285
5,900 7,085
Using the high-low method, what is the estimated repair cost for 4,500 machine hours?
A) $5,785
B) $5,585
C) $5,685
D) $5,985
Correct Answer:
Verified
Correct Answer:
Verified
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