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The Bovise Company has assembled the following data

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The Bovise Company has assembled the following data Answer the following questions using the information below: The Bovise Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Bovise Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Month Cost Hours January $40,000 3,600 February 38,500 3,000 March 36,280 3,300 April 38,000 3,500 May 69,850 5,850 June 45,000 4,250 1) How is the cost function stated? A) y = $26,672 + $11.94X B) y = $1,360 + $11.37 C) y = $31,350 + $12.83X D) y = $5,500 + $11X 2) What is the estimated total cost at an operating level of 3,100 hours? A) $71,133 B) $39,600 C) $36,607 D) $63,687 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

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