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A business has accumulated the following records for utility costs and machine hours over the past year for one of its buildings: Month Machine
A business has accumulated the following records for utility costs and machine hours over the past year for one of its buildings: Month Machine Hours Utility Costs January 3,400 $10,234 February 3,280 $10,052 March 4,370 $11,605 April 1,950 $6,825 May 680 $2,380 June 1,960 $6,860 July 4,040 $11,060 August 4,080 $11,100 September 2,240 $7,602 October 1,030 $3,605 November 1,460 $4,634 December 2,700 $8,974 If next February, 2,800 machine hours are worked, what would be the expected total utility cost provided that the high-low method is used to estimate costs?
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