Refer to Banff Company. What would be Banff Company's cost formula to estimate the cost of leasing within the relevant range?
A) total lease cost = $420 + ($37.25 × machine hours)
B) total lease cost = $456 + ($38.20 × machine hours)
C) total lease cost = $482 + ($61.50 × machine hours)
D) total lease cost = $516 + ($38.18 × machine hours)

Question

Quizplus · Accepted Answer

The cost formula for Banff Company to estimate the cost of leasing within the relevant range is given as total lease cost = $456 + ($38.20 × machine hours).