The Gangwere Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Gangwere Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. MonthCostHours January $44,900 3,500 February 24,400 2,000 March 31,280 2,450 April 36,400 3,000 May 44,160 3,900 June 42,400 3,740How is the cost function stated?
Question 12 options:
a)
y = $3,600 + $10.40X
b)
y = $10,112 + $8.64X
c)
y = $26,672 + $1.84X
d)
y = $21,360 + $10.40
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