1.)

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations. Cost Machine Hours January $26,000 10,300 February 37,200 18,300 March 28,700 12,000 April 30,900 15,400 a. $19,686 b. $11,580 c. $9,264 d. $37,056