Quantum Company Uses the High-Low Method to Estimate the Cost

question 122

Multiple Choice

Quantum Company uses the high-low method to estimate the cost function. The information for 2017 is provided below:

What is the estimated total cost when 450 machine-hours are used?

• A) $63,000
• B) $32,000
• C) $18,000
• D) $23,625

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Definitions:

Hardy Personality

Refers to individuals who possess traits of resilience, commitment, control, and challenge, allowing them to handle stress better.

Sense of Commitment

The feeling of dedication and loyalty towards a cause, organization, or relationship, often resulting in a willingness to work hard and persevere.

Control

The ability to shape or guide the actions of individuals or the progression of events.

Hardiness

A personality trait that embodies resilience and the ability to endure difficult conditions.