Question: Use the following data and the high-low method to determine the cost equation: Units Total Produced Costs January 1000 $45,550 February 1500 $52,000 March 2100

Use the following data and the high-low method to determine the cost equation:

Units Total
Produced Costs
January 1000 $45,550
February 1500 $52,000
March 2100 $61,500
April 1800 $62,000
May 750 $41,250

Y = 15X + 30,000
Y = 15.25X + 31,500
None of these is correct.
Y = 7.5X + 41,250

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