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Accounting

The PlySide Shop wants to develop a cost estimating equation for its monthly cost of water. It has the following data:

Month Cost of Water (Y) Direct Labor-Hours (X)
March $26,000 3.000
June $30,000 3.400
September $34,000 4,000
December $29,000 3.200

What would be the best equation using the high-low method?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M955695

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