Best equation by using the high-low method, Accounting Basics

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Best equation by using the high-low method

The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data:

Month Cost of Water (Y) Direct Labor-Hours (X)
March $26,000 3.000
June $30,000 3.400
September $34,000 4,000
December $29,000 3.200

What would be the best equation using the high-low method?

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Accounting Basics: Best equation by using the high-low method

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Accounting Basics: Best equation by using the high-low method

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Recent Questions Asked Accounting Basics

Q : Problems or weaknesses do you need to address

Q : What type of fallacy is it

Q : Fixed manufacturing costs expensed on the income statement

Q : Johnson and johnson has been highly successful

Q : Best equation by using the high-low method

Q : Calculate firm net income after taxes

Q : Conducting a leadership workshop for college

Q : Identify the values most relevant to their purchase

Q : Businesses are now jumping on the social media

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Ask an Expert for Answer!!

Accounting Basics: Best equation by using the high-low method

Reference No:- TGS055695

Recent Questions Asked Accounting Basics

Q : Problems or weaknesses do you need to address

Q : What type of fallacy is it

Q : Fixed manufacturing costs expensed on the income statement

Q : Johnson and johnson has been highly successful

Q : Best equation by using the high-low method

Q : Calculate firm net income after taxes

Q : Conducting a leadership workshop for college

Q : Identify the values most relevant to their purchase

Q : Businesses are now jumping on the social media

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