Use the Following Information for Questions -What Is the Equation of the Line Using the High-Low

question 73

Multiple Choice

Use the following information for questions
$\begin{array}{c}\begin{array}{l}\\\text { Month } \\\text { Jan } \\\text { Feb } \\\text { Mar } \\\text { Apr } \\\text { May } \\\text { Jun } \\\text { Jul } \\\text { Aug }\end{array}\begin{array}{l}\text { Labour }&\text { Overhead } \\ \underline{\text { Hours (X) }}& \underline{\text { Costs (Y) }}\\200 & \$ 415 \\175 & \$ 385 \\290 & \$ 520 \\300 & \$ 534 \\185 & \$ 403 \\265 & \$ 490 \\160 & \$ 372 \\320 & \$ 564\end{array}\end{array}$

-What is the equation of the line using the high-low method and this data?

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Definitions:

Idle Time

The period of time when resources, such as employees or machines, are available but not in use or producing, often resulting in inefficiency.

Overhead

All indirect costs of running a business that cannot be directly attributed to a specific product or service.

Equipment Breakdown

The failure or malfunction of machinery or equipment, interrupting regular operations.

On-costs

Additional costs beyond basic salaries that include items like payroll taxes, superannuation, and workers' compensation.