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At the high level of activity in November, 7,000 machine hours were run and power costs were $1,360. In April, a month of low activity,
At the high level of activity in November, 7,000 machine hours were run and power costs were $1,360. In April, a month of low activity, 5,000 machine hours were run and power costs amounted to $1,260. Using the high-low method, the estimated fixed cost element of power costs is
| $350 |
| $1,010 |
| $250 |
| $1,360 |
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