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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:18. The following information is available for electricity costs for the last six months of the
year:
Month
Volume
Costs
July
2,800
4.400
August
5,600
10,800
September
6,400
11,400
October
3.500
7,800
November
2,400
4,800
December
4,200
8,100
Using high-low method, What is the prediction equation?
OY= 100 +3.02 X
OY = 200 + 2.83 X
OY= 420 + 1.65 X
none of thc above
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