Question: Presented below are the production data for the first six months of the year for the mixed costs incurred by Gallup Company. Month Cost Units
Presented below are the production data for the first six months of the year for the mixed costs incurred by Gallup Company.
Month Cost Units
January $4,890 4,100
February 4,024 3,200
March 6,480 5,300
April 8,840 7,500
May 5,800 4,800
June 7,336 6,600
Gallup Company uses the high-low method to analyze mixed costs.
How would the cost function be stated?
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| y = $440 + $1.12X | |||
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| y = $107.20 + $1.12 | |||
| y = $7,850 + $0.132X |
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