Accounting · Cost Accounting
Using the high-low method, an analyst calculated the monthly fixed cost as $79,739 and the variable cost per unit as $2.10. Which of the following correctly represents the linear equation for total monthly cost (y) in terms of production volume (x)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1y = $89,739 + 2.1x
- 2y = $79,739 + 2.1x✓
- 3y = $79,839 + 2.1x
- 4y = $79,749 + 2.1x
Correct answer
y = $79,739 + 2.1x
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