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Discuss a method of measuring cost functions

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Reference no: EM131805344

The Skip Corporation has assembled the following data pertaining to certain costs which cannot be easily identified as either fixed or variable. Skip Corporation has heard about a method of measuring cost functions called the highminus-low method and has decided to use it in this situation.

Cost Hours
$20,000 7,000
12,200 4,000
17,000  5,200
15,640 4,900
18,200  6,000
22,080 7,800
21,200 7,480
18,600 6,760

The total cost at an operating level of 2,850 hours would be

A. $14,697.

B. $9,210.
C. $11,212.
D. $19,210.
E. $11,763.

Reference no: EM131805344

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