The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below: The controller's office has analyzed the data and has given you the results from the regression analysis: If the controller uses the high-low method to estimate costs,the variable cost per credit hour is:
A)$82.33.
B)$103.56.
C)$114.30.
D)$201.22.

Question

The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below:  The controller's office has analyzed the data and has given you the results from the regression analysis:  If the controller uses the high-low method to estimate costs,the variable cost per credit hour is:
A)$82.33. 
B)$103.56. 
C)$114.30. 
D)$201.22.

Quizplus · Accepted Answer

The Answer of The Business School at Eastern College is accumulating data as a first step in the preparation of next year's budget development.One cost that is being looked at closely is administrative costs as a function of student credit hours.Data on administrative costs and credit hours for the past thirteen months are shown below:  The controller's office has analyzed the data and has given you the results from the regression analysis:  If the controller uses the high-low method to estimate costs,the variable cost per credit hour is:
A)$82.33. 
B)$103.56. 
C)$114.30. 
D)$201.22.

The Business School at Eastern College Is Accumulating Data as a First