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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Given the following cost and activity observations for Leno Enterprises'utilities, use the high-low method to calculate Leno's variable utilities cost permachine hour. Cost Machine HoursSeptember £4,100 22,000October £3,700 18,000November £3,900 19,000December £4,500 28,000a) £0.08b) £4.86c) £0.25d) £12.50
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