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AssignmentMain.do?invoker-assignments&takeAssignmentSession... Figure 3-11 The following four months of data were collected on utility cost and the number of labor hours in a factory. Utilitycost Laborhours Month $22,100 3,975 January February 5,430 24,600 March 4,400 23,500 April 3,200 20,140 Refer to Figure 3-11. Using the high-low method, compute the variable rate for the utility cost. a. $2.80 b. $1.02 c. $1.07 d. $2.00 Refer to Figure 3-11. Using the high-low method, compute the fixed cost of electricity. a. $13,740 Ob. $6,400 c. $10,860 d. None of these choices are correct. Refer to Figure 3-11. What would be the estimate of electricity cost if the factory incurred 4,700 labor hours next month? a. $19,560 Ob. $9,400 c. $20,260 Od. $23,140