A consulting company would like to develop a method of predicting its total costs in a period The following past costs have been recorded by the company in two periods Year 2012 2013 Client Hours 950 1,065 Total Costs $ 224,250 $ 237,475 The best estimate of the cost formula for the company (where X is the number of client hours) is Select one a Y $115,000 $115 X b Y $110,500 $125 X c Y $115,000 $115 X d Y $120,000 $1255 X

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Question: A consulting company would like to develop a method of predicting its total costs in a period. The following past costs have been recorded by

A consulting company would like to develop a method of predicting its total costs in a period. The following past costs have been recorded by the company in two periods:

Year	2012	2013
Client Hours	950	1,065
Total Costs	$ 224,250	$ 237,475

The best estimate of the cost formula for the company (where X is the number of client-hours) is:

Select one:

a. Y = $115,000 + $115 X

b. Y = $110,500 + $125 X

c. Y = $115,000 $115 X

d. Y = $120,000 $1255 X

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