Use the Following Information to Answer the Following Questions

question 28

Multiple Choice

Use the following information to answer the following Questions
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:
-Using the high-low method, the utilities cost for Barkoff associated with 980 machine hours would be:

• A) $9,510.
• B) $9,660.
• C) $9,700.
• D) $9,790.
• E) None of the answers is correct.

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Definitions:

Over-The-Counter Market

A decentralized market where securities are traded directly between two parties without a central exchange or broker.

NASDAQ System

A global electronic marketplace for buying and selling securities, as well as the benchmark index for U.S. technology stocks.

Unlisted Securities

Securities that are not traded on a formal exchange, often having fewer regulatory requirements.

Thirty-Year Bond

A long-term debt security issued by governments or corporations with a maturity of thirty years, often used as a benchmark for fixed-income securities.