(Answered) Measuring cost

Accounting

Measuring Cost Behavior

Month Setup Hours (X) Setup Co

January 100 $1,000

February 200 1,250

March 300 2,250

April 400 2,500

May 500 3,750

1. What is the total cost at a level of 750 setup hours using the high-low method?

A. $5,115.45

B. $5,468.75

C. $6,215.55

D. $6,935.85

2. What is the total cost at a level of 800 setup hours using least-squares regression?

A. $4,235

B. $4,765

C. $4,985

D. $5,525

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