The Connors Company has assembled the following data pertaining to certain costs that cannot be...
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The Connors Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. Connors Company has heard about a method of measuring cost functions called the high-low method and has decided to use it in this situation. Connors Company data Cost Hours $24,360 5,800 $26,400 6,150 $35,000 7,650 $42,360 13,000 $38,100 9,750 What is the cost function? Group of answer choices y = $42,360 + $4.20X y = $24,360 + $3.26X y = $35,000 + $4.20X y = $9,860 + $2.50X
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