Question: Measuring Cost Behavior Month Setup Hours (X) Setup Costs (Y) January 100 $1,000 February 200 1,250 March 300 2,250 April 400 2,500 May 500 3,750

Measuring Cost Behavior

Month Setup Hours (X) Setup Costs (Y)

January 100 $1,000

February 200 1,250

March 300 2,250

April 400 2,500

May 500 3,750

9. What is the variable cost per unit (3 decimals) using the high-low method?

A. $6.875

B. $5.934

C. $7.875

D. $8.545

10. What is the fixed cost using the high-low method?

A. $215.55

B. $245.95

C. $275.25

D. $312.50

11. What is the total cost at a level of 750 setup hours using the high-low method?

A. $5,115.45

B. $5,468.75

C. $6,215.55

D. $6,935.85

12. What is the variable cost per unit using least-squares regression?

A. $4.50

B. $6.75

C. $7.25

D. $8.95

13. What is the fixed cost using least-squares regression?

A. $100

B. $105

C. $125

D. $135

14. What is the total cost at a level of 800 setup hours using least-squares regression?

A. $4,235

B. $4,765

C. $4,985

D. $5,525

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