The Miramichi Company uses the high-low method to estimate its cost function. The information for the current year is provided below: Highest observation of cost driver Lowest observation of cost driver a. O b. $0 $12,500 Machine-hours C. $25,000 d. $125,000 2,000 1,000 What is the constant for the estimating cost equation? Costs $225,000 $125,000

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