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Kangaroo collected the following data: Hours Used Total lCost January 42,000 $41,000 February 44,000 $43,000 March 40,000 $40,000 April 43,000 $41,500 May 41,000 $39,500 June
Kangaroo collected the following data: Hours Used Total lCost January 42,000 $41,000 February 44,000 $43,000 March 40,000 $40,000 April 43,000 $41,500 May 41,000 $39,500 June 48,000 $46,000 REQUIRED: (3] Using the High Low Method, determine the variable cost per hour, total fixed cost and put into the Cost Equation (b) Estimate the cost for a month in which use for 46,000 hours
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