Question

A jewelry manufacturer incurred the following costs: 15,000 units produced with costs of $557,500, and 5,000 units produced with costs of $292,500. Which cost formula would you estimate using the high-low method? Group of answer choices Y=$265,000+$37.17X Y=$160,000+$17.67X Y=$265,000+$58.50X Y=$160,000+$26.50X

Answer 1

Y=$160,000+$26.50X

Step-by-step explanation:

Variable Cost = $26.50

Fixed Cost = $160,000

cost formula would you estimate using the high-low method : Y=$160,000+$26.50X