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Tillman Company uses the high-low method to estimate its cost function. The information for the...

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Accounting

Tillman Company uses the high-low method to estimate its cost function. The information for the current year is provided below:

Machine-hours Costs

Highest observation of cost driver 2,500 $300,000

Lowest observation of cost driver 1,500 $ 220,000

What is the estimated cost function for the above data?

A.

y = 300,000 +120X
B.

y = 220,000 +147X
C.

y = 100,000 +80X
D.

y = 130X

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