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Sterling Glass 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 Hours January S 4820 500 February S 5325 800 March S 6340 750 April S 4785 600 May S 5985 1200 June S 5830 700 How should the cost function be properly stated? (Round variable cost per unit to 2 decimal places.) A Y $4760+ $2.50H. B Y = $3390 + $2.00H. Y= $1525+ $2.50H. Y=$3585+$2.00H.

Sterling Glass 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 Hours January S 4820 500 February S 5325 800 March S 6340 750 April S 4785 600 May S 5985 1200 June S 5830 700 How should the cost function be properly stated? (Round variable cost per unit to 2 decimal places.) A Y $4760+ $2.50H. B Y = $3390 + $2.00H. Y= $1525+ $2.50H. Y=$3585+$2.00H.

FINANCIAL ACCOUNTING
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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Sterling Glass 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 Hours January February March April May June SSSSSS 4820 500 5325 800 S 6340 750 S 4785 600 $ 5985 1200 5830 700 How should the cost function be properly stated? (Round variable cost per unit to 2 decimal places.) A Y = $4760+ $2.50H. B Y = $3390+$2.00H. Y = $1525+ $2.50H. Y = $3585+$2.00H.
Transcribed Image Text:Sterling Glass 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 Hours January February March April May June SSSSSS 4820 500 5325 800 S 6340 750 S 4785 600 $ 5985 1200 5830 700 How should the cost function be properly stated? (Round variable cost per unit to 2 decimal places.) A Y = $4760+ $2.50H. B Y = $3390+$2.00H. Y = $1525+ $2.50H. Y = $3585+$2.00H.
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