Use the Following Information for Questions -What Is the Slope of This Data, Using the High-Low

question 109

Multiple Choice

Use the following information for questions . $\begin{array}{lll}&\text { \# Machine}& \text { Maintenance }\\\underline{\text { Month }} &\underline{ \text { Hours X }}& \underline{\text { Costs Y}}\\\text { Jan } & 200 & \$ 415 \\\text { Feb } & 175 & \$ 385 \\\text { Mar } & 290 & \$ 520 \\\text { Apr } & 300 & \$ 534 \\\text { May } & 185 & \$ 403 \\\text { Jun } & 265 & \$ 490 \\\text { Jul } & 160 & \$ 372 \\\text { Auq } & 320 & \$ 564\end{array}$
-What is the slope of this data, using the high-low method?

• A)$1.2X
• B)$180
• C)$1.20
• D)$0.83

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Definitions:

Unrealized Profit

Profits that have been earned but not yet realized through a transaction, often related to investments that have increased in value but have not been sold.

Consolidation Purposes

The process of combining financial statements of separate business entities within a group for reporting as one entity.

Unrelated Party

A party or entity that does not have a familial, business, or financial relationship with another party, ensuring transactions are conducted at arm's length.

Straight-Line Method

A method of calculating depreciation of an asset whereby the cost is evenly distributed over its useful life, resulting in a constant annual depreciation expense.