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X T110-2 (similar to) Question Help The Mammoth Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation (Click the icon to view the assembled data.) Read the requirements Requirement a. What is the slope coefficient? The slope coefficient is $ 0 Data Table $ Month January February March April May June Cost 38.000 36,500 34,280 36,000 72,500 43,000 Hours 3,100 2,500 2,800 3,000 5,500 3,750 Print Done Testmaster 22 minutes later Cost Hours High level $ 72,500 5,500 Low level $ 34,280 2,800 Difference $ 38,220 2,700 Slope coefficient (38220/2700) $14.16 Constant (72500-(5500*14.16)) ($5,355.56) Estimated cost function Y= 10X - $5,355.56 Read the requirements. Requirement a. What is the slope coefficient? The slope coefficient is $ - 12 Requirement b. What is the constant for the estimated cost equation? The constant is $ 6,500 Requirement c. What is the estimated cost function for the above data? y = $ 6,500 + $ 12 X Requirement d. What is the estimated total cost at an operating level of 2,600 hours? The estimated total cost at an operating level of 2,600 hours is $ X T110-2 (similar to) Question Help The Mammoth Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Mortise has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation (Click the icon to view the assembled data.) Read the requirements Requirement a. What is the slope coefficient? The slope coefficient is $ 0 Data Table $ Month January February March April May June Cost 38.000 36,500 34,280 36,000 72,500 43,000 Hours 3,100 2,500 2,800 3,000 5,500 3,750 Print Done Testmaster 22 minutes later Cost Hours High level $ 72,500 5,500 Low level $ 34,280 2,800 Difference $ 38,220 2,700 Slope coefficient (38220/2700) $14.16 Constant (72500-(5500*14.16)) ($5,355.56) Estimated cost function Y= 10X - $5,355.56 Read the requirements. Requirement a. What is the slope coefficient? The slope coefficient is $ - 12 Requirement b. What is the constant for the estimated cost equation? The constant is $ 6,500 Requirement c. What is the estimated cost function for the above data? y = $ 6,500 + $ 12 X Requirement d. What is the estimated total cost at an operating level of 2,600 hours? The estimated total cost at an operating level of 2,600 hours is $