Question: Jewelry manufacturer incurred the following values: 15,000 units produced with costs of $557,500, & 5,000 units produced with costs of $292,500. Determine which cost formula would you estimate using the high-low method?
[A] Y = $160,000 + $26.50X
[B] Y = $265,000 + $37.17X
[C] Y = $160,000 + $17.67X
[D] Y = $265,000 + $58.50X