This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is ... (Read 73 times)

Chloeellawright

  • Hero Member
  • *****
  • Posts: 588
on: Mar 6, 2021
Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:
Machine-hoursLabor Costs
Highest observation of cost driver600$36,000
Lowest observation of cost driver400$26,000

What is the estimated cost function for the above data?
◦ y = 26,000 + 62.00X
◦ y = 6,000 + 50.00X
◦ y = 36,000 + 60.00X
◦ y = 30,000 + 65.00X
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Chloeellawright on Mar 6, 2021

l.stuut

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 57% of students answer this correctly


Chloeellawright

  • Member
  • Posts: 588
Reply 2 on: Mar 6, 2021
Thanks for the timely response, appreciate it

aruss1303

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

A very high-resolution texture of the planet Mars A very high-resolution texture of the planet Mars
Morris and Company, Sussex Rush-Seated Chairs. Morris and Company, Sussex Rush-Seated Chairs.
Step stool can help clients get onto and off of a high table. Step stool can help clients get onto and off of a high table.
Mastering Biology Question Mastering Biology Question
Function divisions of nervous system Function divisions of nervous system
Tumor suppressor genes act like a brake on cell function Tumor suppressor genes act like a brake on cell function
Video: Major Elements in Biological Molecules: Proteins

For a complete list of videos, visit our video library