What is the monthly total cost equation


Fontain, Inc. collected the following production data for the past month:
Units Produced Total Cost
1,600 $22,000
1,300 19,000
1,500 22,500
1,100 16,500

If the high-low method is used, what is the monthly total cost equation?

 

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Accounting Basics: What is the monthly total cost equation
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