Question: Quantum Company uses the high - low method to estimate the cost function. The information for 2017 is provided below: Labor Costs Machine - hours

Quantum Company uses the high - low method to estimate the

Quantum Company uses the high - low method to estimate the cost function. The information for 2017 is provided below: Labor Costs Machine - hours Highest observation of cost driver Lowest observation of cost driver 500 $25,000 100 $11,000 What is the estimated total cost when 300 machine - hours are used? A. $33,000 B. $18,000 C. $26,000 O D. $15,000

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