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The Following Data Pertains to Activity and Utility Cost for Two

Question 97

Multiple Choice

The following data pertains to activity and utility cost for two recent periods: The following data pertains to activity and utility cost for two recent periods: Utility cost is a mixed cost with both fixed and variable components.Using the high-low method, the cost formula for utility cost is: A) Y = $1.00 X B) Y = $1.25 X C) Y = $4, 000 + $0.50 X D) Y = $1, 500 + $1.25 X Utility cost is a mixed cost with both fixed and variable components.Using the high-low method, the cost formula for utility cost is:


A) Y = $1.00 X
B) Y = $1.25 X
C) Y = $4, 000 + $0.50 X
D) Y = $1, 500 + $1.25 X

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