Multiple Choice
The Longreach Toy Factory has determined machine hours to be the cost driver of the company's electricity costs. During the first six months of the year, the company incurred the following electricity costs: 
Using the high-low method, determine the cost formula that expresses the cost behaviour of the company's electricity costs.
A) Y = $3735 + $6.20X
B) Y = $1664 + $8.38X
C) Y = $4760 + $5.00X
D) Y = $4400 + $5.50X
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which of the following describes a cost-estimation
Q15: Within the relevant range of activity, costs:<br>A)
Q16: A regression model in which more than
Q17: The method of cost estimation that fits
Q18: Truweight Ltd has introduced a new line
Q20: If a very short time period, such
Q21: In the regression formula Y = a
Q22: Total costs are $140 000 when 10
Q23: As a firm begins to operate outside
Q24: Which per unit cost does the slope