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Determine a cost equation and the provide an estimate cost

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Reference no: EM132853310

Question - Out of several months of data, Tony's Timepieces has isolated the highest and lowest monthly levels of activity for their repair services   The highest is 300 hours for the month and the lowest is 190 hours. The cost corresponding to the highest activity is 16, 200 and the cost related to the lowest activity is 11,900 cost. Based on these data points, use high low to determine a cost equation and the provide an estimate the cost of 250 hours based on that cost equation.

Reference no: EM132853310

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