The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data: Cost of Water (Y) Direct Labor-Hours (X) $26,000 Month March June $30,000 September $34,000 December $29,000 3.000 3.400 4,000 3.200 What would be the best equation using the high-low method?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter14: Capital Structure Management In Practice
Section14.A: Breakeven Analysis
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What would be the best equation using the high-low method?

The PlySide Shop wants to develop a cost estimating equation for
its monthly cost of water. It has the following data:
Cost of Water (Y) Direct Labor-Hours (X)
$26,000
Month
March
June
$30,000
September $34,000
December $29,000
3.000
3.400
4,000
3.200
What would be the best equation using the high-low method?
Transcribed Image Text:The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data: Cost of Water (Y) Direct Labor-Hours (X) $26,000 Month March June $30,000 September $34,000 December $29,000 3.000 3.400 4,000 3.200 What would be the best equation using the high-low method?
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