need answer please The PlySide Shop wants to develop a cost estimating equation forits monthly cost of water. It has the following data:Cost of Water (Y) Direct Labor-Hours (X)$26,000MonthMarchJune$30,000September $34,000December $29,0003.0003.4004,0003.200What would be the best equation using the high-low method?

The high-low method is a simple way to estimate a cost equation by identifying the highest and…

Answered: The PlySide Shop wants to develop a…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter14: Capital Structure Management In Practice

Section14.A: Breakeven Analysis

Problem 7P

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6. The Kentucky Tools Machine Shop wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data: Month January April July October Cost of Electricity (Y) Direct Labor-Hours (X) $7,000 750 $7,500 850 $8,500 $7,250 1,000 800 What would be the best equation using the high-low method? A) Y = $2,000+ $7.50X B) Y= $2,500 + $6X C) Y= $1,500 + $8X D) Y = $2,000 + $6X
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Dry Cleaners has determined the following about its costs: Total variable expenses are screenshot attache dtahnkng rnkgwr

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