Principles of Cost Accounting
17th Edition
ISBN: 9781305087408
Author: Edward J. Vanderbeck, Maria R. Mitchell
Publisher: Cengage Learning
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What is the constant for the estimating cost equation
Transcribed Image Text:A company uses the high-low method to
the cost
estimate
information
function.
The
for the year is provided
Observation Machine-Hours Labor Costs ($)
below:
Highest
Lowest
500
300
$25,000
$16,000
What is the constant for the estimating
cost equation?
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