Use the Information Below to Answer the Following Question(s)

question 105

Multiple Choice

Use the information below to answer the following question(s) .The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable.Skip Corporation has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation.
-The total cost at an operating level of 2,850 hours would be

• A)$19,210.
• B)$11,763.
• C)$14,697.
• D)$11,212.
• E)$9,210.

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Definitions:

Rivals' Information

Data or intelligence about competitors’ strategies, performance, and operations, useful for gaining a competitive advantage in the market.

Fewer Bidders

a situation in auctions or competitive environments where there is a reduced number of participants bidding for the same item or contract.

Common-value Auction

An auction format where the item for sale has the same value for everyone but the bidders have different information about that value.

Exact Value

Precise numerical value without approximation, representing the true measure or count of something.