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The following data pertains to activity and utility cost for two recent periods:Activity level ...

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The following data pertains to activity and utility cost for two recent periods:Activity level ...

The following data pertains to activity and utility cost for two recent periods:

Activity level (units)	15,000	12,000
Utility cost	$ 24,750	$ 21,000

Utility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: (Round your intermediate calculations to 2 decimal places.)

▸ Y = $1.65 X

▸ Y = $1.75 X

▸ Y = $3,750 + $1.75 X

▸ Y = $6,000 + $1.25 X

Textbook

Introduction to Managerial Accounting: Brewer Edition: 9e

Edition: 9^th

Authors: Brewer, Garrison, Noreen

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