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Thul Company Is Interested in Establishing the Relationship Between Electricity

Question 61

Multiple Choice

Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: Thul Company is interested in establishing the relationship between electricity costs and machine hours.Data have been collected and a regression analysis prepared using Excel.The monthly data and the regression output follow: If the controller uses the high-low method to estimate costs,the fixed cost portion of the cost equation for electricity cost is: A) $3,726.88. B) $1,425.18. C) $1,625.00. D) $22,825.00. If the controller uses the high-low method to estimate costs,the fixed cost portion of the cost equation for electricity cost is:


A) $3,726.88.
B) $1,425.18.
C) $1,625.00.
D) $22,825.00.

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