Crane Company collected the following production data for the past quarter: Units Month Produced March April May 5000 4000 3400 Total Cost $190000 170000 142000 If Crane uses the high-low method to project costs for the next quarter, what total cost equation will the company use? Total cost $0+$100/unit x Quantity O Total cost $74000+$20/unit x Quantity Q Total cost-$57000+ $25/unit x Quantity O Total cost-$40000+ $30/unit x Quantity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Crane Company collected the following production data for the past quarter:
Units
Month Produced
March
April
May
5000
4000
3400
Total
Cost
$190000
170000
142000
If Crane uses the high-low method to project costs for the next quarter, what total cost equation will the company use?
Total cost $0+ $100/unitx Quantity
O Total cost $74000+ $20/unit x Quantity
Q Total cost-$57000+ $25/unit x Quantity
O Total cost $40000+ $30/unit x Quantity
Transcribed Image Text:Crane Company collected the following production data for the past quarter: Units Month Produced March April May 5000 4000 3400 Total Cost $190000 170000 142000 If Crane uses the high-low method to project costs for the next quarter, what total cost equation will the company use? Total cost $0+ $100/unitx Quantity O Total cost $74000+ $20/unit x Quantity Q Total cost-$57000+ $25/unit x Quantity O Total cost $40000+ $30/unit x Quantity
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