Smith Company Is Attempting to Develop the Cost Function for Repair

question 77

Multiple Choice

Smith Company is attempting to develop the cost function for repair costs. The following past data are available: $$\begin{array} { c c } \text { Machine Hours } & \text { Repair Costs } \\\hline 4,800 & \$ 6,385 \\3,400 & 4,585 \\4,000 & 5,285 \\5,900 & 7,085\end{array}$$ Using the high-low method, what is the estimated repair cost for 4,500 machine hours?

• A) $5,785
• B) $5,585
• C) $5,685
• D) $5,985

---

Definitions:

Overextension

In language acquisition, overextension is children's use of words in a broader context than adults would, applying specific words to a wider variety of objects or situations.

Rehearsal

A cognitive process involving the repeated review or practice of information to aid in its retention in memory.

Self-Awareness

Understanding of one's personal attributes, feelings, driving forces, and aspirations.

Comprehension

The ability to understand and process language or information, grasping the meaning of text, speech, symbols, or behavior.