The Following Data Has Been Assembled for Robert Company The Cost Function Is ________ Where Y = Total Cost

question 128

Multiple Choice

The following data has been assembled for Robert Company.Use the high-low method.
$\begin{array}{lll}\text { Month }&\text { Cost }&\text { Hours: }\\\text { January } & \$ 24,400 & 2,000 \\\text { February } & \$ 39,000 & 2,200 \\\text { March } & \$ 35,280 & 2,750 \\\text { April } & \$ 36,400 & 3,500 \\\text { May } & \$ 40,000 & 4,000\end{array}$
The cost function is ________ where Y = Total cost and X = Number of hours.

• A) Y = $3,600 + $10.40X
• B) Y = $8,800 + $7.80X
• C) Y = $21,360 + $1.52X
• D) Y = $26,672 + $1.84X

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Definitions:

Robert Selman

A psychologist known for his work on the development of social cognition and interpersonal understanding in children.

Erik Erikson

A developmental psychologist and psychoanalyst known for his theory on the psychosocial development of human beings, which outlines eight stages from infancy to adulthood with distinct challenges and tasks.

Global Evaluative Dimension

A concept in psychology that refers to the overarching way individuals assess or interpret their experiences or the world around them.

Self-concept

An individual's perception of themselves, including their beliefs about their own skills, characteristics, and worth.