Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations: (3 marks) August September October November December Machine Hours 1.000 900 1,500 2.000 1,300 Electrical Cost $1,620 1.510 1,870 1,950 1,730 Using the high-low method, the estimated fixed cost per month for electricity is closest to which of the following? $1.290.00 $1.306.50 $1.150.00 $870.00