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Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant
Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: Machine Hours 800 720 Month January February March April May June Utilities $8,700 8,360 8,950 9,360 9,625 9,150 810 920 950 900 The fixed utilities cost per month for Barkoff is: Multiple Choice $3.764. O $4,400. O $4,760. $5,100
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