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Business, 31.03.2020 19:55 kelseydavid69

Yates Corp. wants to develop a cost equation for its administrative costs. The controller believes the appropriate cost driver is units produced. Last year's data are presented below: Month Units Produced Administrative Costs January 32,500 $ 24,288 February 37,700 27,720 March 24,700 17,820 April 40,300 30,360 May 49,400 37,290 June 42,900 29,040 July 53,300 32,670 August 45,500 30,030 September 26,000 20,460 October 48,100 34,320 November 61,100 40,920 December 54,600 36,630 Total 516,100 $ 361,548 Average 43,008 $ 30,129
What is the equation for administrative costs using the high-low method?

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