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Gargymal company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the past 5

Gargymal company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the past 5 months of options Machine hours Electrical cost August 1000 $1,620 September 900 $1,510 October 1,500 $1,870 November 2,000 $1,950 December 1,300 $1,730 Using the high-low method of analysis, the estimated fixed cost per month for electricity is closest to which of the following? A.$1,306.50 B.$870.00 C.$1,150.00 D.$1,290.00 ***PLEASE SHOW ME HOW to get the answer***

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