Lawson Lumber Uses the High-Low Method to Estimate Electricity Cost,which

question 70

Multiple Choice

Lawson Lumber uses the high-low method to estimate electricity cost,which varies in relation to machine hours.Based on the following data,how would the cost function be stated if 'X' is the number of machine hours?

• A) $525 + $0.35 X
• B) $300 + $0.50 X
• C) $500 + $0.50 X
• D) $470 + $0.35 X

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Definitions:

Gram-variable

Pertaining to bacteria that do not consistently stain either as Gram-positive or Gram-negative because of their cell wall composition variations.

Opaqueness

The quality of being difficult to see through or understand, often used to describe materials that are not transparent or clear communications.

Decant

The process of gently pouring liquid from one container to another to separate it from sediment or other particles at the bottom.

Clarity

The quality of being clear, understandable, and transparent in expression, thought, or presentation.