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What is the slope coefficient



What is the slope coefficient Answer the following questions using the information below: Syosis Company uses the high-low method to estimate its cost function. The information for 2015 is provided below: Machine-hours Costs Highest observation of cost driver 2,500 $300,000 Lowest observation of cost driver 1,500 $ 220,000 1) What is the slope coefficient? A) $120.00 B) $147.00 C) $80.00 D) $130.00 2) What is the constant for the estimated cost equation? A) $220,000 B) $300,000 C) $100,000 D) $0 3) What is the estimated cost function for the above data? A) y = 300,000 +120X B) y = 220,000 +147X C) y = 100,000 +80X D) y = 130X 4) What is the estimated total cost when 1,300 machine-hours are used? A) $411,100 B) $204,000 C) $456,000 D) $156,000 Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help


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