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 fixed cost per month?
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
