Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to...

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Answer 1

Answer #1

Answer

Correct Answer = Option #2:
Y = $ 8020 + $ 3.00H
where $ 8020 is the fixed cost per month, and
$ 3.00 is the variable cost per hour
Above variable cost and fixed cost is calculated below using HIGH LOW method

Answer 2

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