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:

Carbon Cycle

The biogeochemical cycle through which carbon is exchanged among the biosphere, pedosphere, geosphere, hydrosphere, and atmosphere of the Earth.

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration. It is naturally present in air and is absorbed by plants in photosynthesis.

Terrestrial Plants

Terrestrial plants are species that grow on land rather than in water, adapting to a variety of habitats from forests to deserts.

Aquifer

Rock layers that contain water and release it in appreciable quantities to wells or springs.