Homework answers / question archive / Justin Manufacturing Company wants to develop a cost estimating equation for its month cost of electricity

Justin Manufacturing Company wants to develop a cost estimating equation for its month cost of electricity

Accounting

Share With

Justin Manufacturing Company wants to develop a cost estimating equation for its month cost of electricity. It has the following data. 
Month Electricity costs DL Hours January P13,500 3,000 February 15,000 3,400 March 17,000 4,000 April 14,500 3,200 Let a = FC B = VC X = DLH Y = TC 

2) Using the high-low method, the best equation is a. TC = P3,000 + P5000X b. TC = P3,000 + P3.50X c. TC = P1,500 + P5.00X d. TC = P1,500 + P3.50X