51,090
d $1,118
QUESTION 15
Ward Co would like to estimate its monthly maintenance costs and has the following cost data available from the last 12 months
Machine Maintenance
setups
cost
75
$58,500
80
$58,000
90
$66,000
95
$68,000
105
$75,000
102
$72,000
78
$59,500
81
$61,000
82
$61,500
83
$63,500
88
$64,500
99
$71,500
Using the high-low method, the cost function for maintenance costs is
a $y = 780 + 75X
b $y = 17,250 + 550X
c $y = 3,600 + 680X
d $y = 75,000 + 105X