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 Machine Hours 1,000 Electrical Cost $1,620 900 1.510 1,500 1,870 2,000 1.950 1,300 1.730 October November December 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. $870.00 $1,150.00 3C ENG 19:40 19-04-2002