Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates...
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Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production data for the first six months of the year. Month Cost (Y) Hours (H) January $7,300 260 February $9,125 730 March $7,540 410 April $7,485 330 May $9,460 980 June $9,030 705 What is the estimated total cost at an operating level of 1,180 hours, using the high-low method? Multiple Choice
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