Cosby Company Is Attempting to Develop the Cost Function for Repair

question 115

Multiple Choice

Cosby Company is attempting to develop the cost function for repair costs. The following past data are available: Machine Hours Repair Costs
4,800 $6,385
3,400 4,585
4,000 5,285
5,900 7,085
Using the high-low method, what is the fixed repair cost?

• A)$1,185
• B)$850
• C)$475
• D)$565

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