Quantum Company uses the high-low method to estimate the cost ...

[Chloeellawright]

Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:

Machine-hours

Labor Costs

Highest observation of cost driver

600

$36,000

Lowest observation of cost driver

400

$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

[l.stuut]

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[Chloeellawright]

YES! Correct, THANKS for helping me on my review

[miss.ashley]

Great answer, keep it coming