Shock Company uses the high-low method to analyze mixed costs. The following information relates to...
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Accounting
Shock Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost(Y) Hours(H) January $ 7,300 260 February $ 9,125 730 March $ 7,540 410 April $ 7,485 330 May $ 9,460 980 June $ 9,030 705 How should the cost function be properly stated using the high-low method? Y = $6,520 + $3.00H. None of these answers are correct. Y = $6,250 + $3.00H. Y = $6,085 + $2.00H. Y = $6,025 + $2.00H.
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