The Ladder Company wants to develop a cost estimating equation for its monthly cost of electricity. It
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Question:
The Ladder Company wants to develop a cost estimating equation for its monthly cost of electricity. It has the following data:
Month | Cost of Electricity | Direct Labor Hours |
February | $8,100 | 750 |
May | 9,000 | 850 |
August | 10,200 | 1,000 |
November | 8,700 | 800 |
Using the high-low method, which of the following is the best equation?
- Y = $900 + $12.00X
- Y = $900 + 8.40X
- Y = $1,800 + $8.40X
- Y = $2,400 + $8.4
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
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