Question: Using the High Low Method. Tried already numerous times and not sure how the Professor got 4,000+.50x as the solution? Please help. I chose D,

Using the High Low Method. Tried already numerous times and not sure how the Professor got 4,000+.50x as the solution? Please help. I chose D, however that apparently was incorrect. Using the High Low Method. Tried already numerous times and not sure

3. 3. The following data pertains to activity and utility cost for two recent periods: Activity level (units) 8,000 5,000 Utility cost $8,000 $6,500 do: J.J Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: Y = $1.00 x Y = $1.25 X Y = $4,000+ $0.50 X Y = $1,500 + $1.25 X

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