+1835 731 5494 Email: instantessays65@gmail.com

What is the constant for the estimated cost equation

$12.99

What is the constant for the estimated cost equation Answer the following questions using the information below: Uninder Company uses the high-low method to estimate the cost function. The information for 2015 is provided below: Machine-hours Labor Costs Highest observation of cost driver 550 $22,000 Lowest observation of cost driver 250 $ 13,000 1) What is the slope coefficient? A) $52.00 B) $43.75 C) $30.00 D) $40.00 2) What is the constant for the estimated cost equation? A) $5,500 B) $13,000 C) $16,500 D) $22,000 3) What is the estimated cost function for the above data? A) y = 13,000 + 43.75X B) y = 5,500 + 30X C) y = 22,000 + 40X D) y = 16,500 + 52X 4) What is the estimated total cost when 400 machine-hours are used? A) $20,800 B) $29,000 C) $16,000 D) $17,500 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Reviews

There are no reviews yet.

Be the first to review “What is the constant for the estimated cost equation”

Your email address will not be published. Required fields are marked *