Gribble Company's High and Low Level of Activity Last Year

question 140

Multiple Choice

Gribble Company's high and low level of activity last year was 60,000 units of product produced in May and 20,000 units produced in November.Machine maintenance costs were $104,000 in May and $40,000 in November.Using the high-low method, determine an estimate of total maintenance cost for a month in which production is expected to be 45,000 units.

• A)$90,000
• B)$96,000
• C)$78,000
• D)$80,000

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Definitions:

Life-Span Development

The study of how individuals grow, change, and age throughout the course of their life, from conception to death.

Conception to Death

A phrase denoting the entire human life span, from the beginning of life at conception to its end at death.

Longitudinal Method

A research design that involves repeated observations of the same variables over short or long periods of time.

Developmental Psychology

Area of psychology in which the psychologists study the changes in the way people think, relate to others, and feel as they age.