Best equation using the high-low method, Accounting Basics

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Best equation using the high-low method

The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data:

Month Cost of Water (Y) Direct Labor-Hours (X)
March $26,000 3.000
June $30,000 3.400
September $34,000 4,000
December $29,000 3.200

What would be the best equation using the high-low method?

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Accounting Basics: Best equation using the high-low method

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Accounting Basics: Best equation using the high-low method

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Recent Questions Asked Accounting Basics

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Accounting Basics: Best equation using the high-low method

Reference No:- TGS055518

Recent Questions Asked Accounting Basics

Q : Computations for the amount of income tax payable

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