Month Jan Feb Mar Apr May Jun Jul Aug # Machine Hours (X) 2000 4400 8200 6900 6200 9200 3500 5400 Maintenance Costs (Y) $280 $690 $520 $600 OY=80+ ($0.10X) O Y = $80+ (0.10 x 9200) O X=80+ ($80Y) O $1000 = 80 + (0.10X) $550 $1000 $860 $600 What is the equation of the line using the high-low method and this data?

Month Jan Feb Mar Apr May Jun Jul Aug # Machine Hours (X) 2000 4400 8200 6900 6200 9200 3500 5400 Maintenance Costs (Y) $280 $690 $520 $600 OY=80+ ($0.10X) O Y = $80+ (0.10 x 9200) O X=80+ ($80Y) O $1000 = 80 + (0.10X) $550 $1000 $860 $600 What is the equation of the line using the high-low method and this data?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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