Question
High Low Method Calculation You are the manager of an educational facility and have beenasked to predict analyze the electric cost for 2020 based on
High Low Method Calculation
You are the manager of an educational facility and have beenasked to predict analyze the electric cost for 2020 based on the following 12 months of Information, You know the electric cost has both fixed and variable costs.
(Month) (KW Used) (Cost)
January 64,700 6,235.0
February 68,000 6,400.0
March 67,000 6,350.0
April 56,000 5,800.0
May 59,000 5,950.0
June 67,500 6,375.0
July 71,200 6,560.0
August 65,900 6,295.0
September 78,000 6,900.0
October 79,500 6,975.0
November 89,200 7,460.0
December 87,300 7,365.0
What is the variable cost per KW?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Detecting Accounting Fraud Analysis And Ethics
Authors: Cecil Jackson
1st Edition
0133078604, 9780133078602
