ACCOUNTING
Multiple Choice
Presented below are the production data for the first six months of the year for the mixed costs incurred by Gallup Company.
Month Cost Units
January $4,890 4,100
February 4,024 3,200
March 6,480 5,300
April 8,840 7,500
May 5,800 4,800
June 7,336 6,600
Gallup Company uses the high-low method to analyze mixed costs.
How would the cost function be stated?
a. y = $440 + $1.12X
b. y = $3,562.30 + $0.144X
c. y = $107.20 + $1.224X
d. y = $7,850 + $0.132X
Click here for the SOLUTION
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