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  3. using the high low method, which of the following

Using the high low method, which of the following is the correct cost equation using...

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Accounting

Using the high low method, which of the following is the correct cost equation using the following information:
Month Total Operating Expenses (total cost y axis) Number of Oil Changes (volume x axis)
April 32,5002,700
May 37,0003,600
June 33,7002,900
Remember, the high low method has 3 steps! Make sure you're selecting the highest and lowest volume!
Question 1 options:
Y = $5(x)+ $19,000
Y = $19,000(x)+ $5
Y = $7.50(x)+12,400
Y =12,400(x)+ $7.50

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