Multiple Choice
The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below: 
The controller's office has analyzed the data and has given you the results from the regression analysis: 
If the controller uses the high-low method to estimate costs,the cost equation for administrative salaries is:
A) Cost = $96,409.42 + $103.56 × Credit-hours.
B) Cost = $69,474.40 + $114 30 × Credit-hours.
C) Cost = $201.21 × Credit-hours.
D) Cost = $198,808.
Correct Answer:
Verified
Correct Answer:
Verified
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