The following data pertains to activity and utility cost for two recent periods: Activity level (units) 15,000 12,000Utility cost$24,750 $21,000Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)
A. Y = $1.75 X
B. Y = $1.65 X
C. Y = $6,000 + $1.25 X
D. Y = $3,750 + $1.75 X
Answer: C
Business
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