1663 others answered this question
MC Question 7
The following table shows the number of clients who attended a particular accountancy practice over the last four weeks and the total costs incurred during each of the weeks:
| Week | Number of clients | Total cost |
|---|---|---|
| $ | ||
| 1 | 400 | 36,880 |
| 2 | 440 | 39,840 |
| 3 | 420 | 36,800 |
| 4 | 460 | 40,000 |
Applying the high low method to the above information, which of the following could be used to forecast total cost ($) from the number of clients expected to attend (where x = the expected number of clients)?
A. 7,280 + 74x
B. 16,080 + 52x
C. 3,200 + 80x
D. 40,000/x