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: 
If the controller uses the high-low method to estimate costs,the cost equation for electricity cost is:
A) Cost = $3,726.88 + $5.77 × Machine-hours.
B) Cost = $1,625.00 + $6.25 × Machine-hours.
C) Cost = $6.90 × Machine-hours.
D) Cost = $22,825.
Correct Answer:
Verified
Correct Answer:
Verified
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