A non-profit organization is trying to determine the fixed and variable costs of providing meals.

A non-profit organization is trying to determine the fixed and variable costs of providing meals. During the first six months of the year, the following meals were served and the following costs were incurred.

The cost equation using the high-low method is:

  • y=$260 + $3.20x.
  • y=$1,450 + $2.50x.

Answer: y=$1,450 + $2.50x

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