Pharoah, Inc., has collected the following information on its cost of electricity:

(a) Identify the high and low points. Machine Hours High point to Low point tA Using the high-low method, compute the variable cost of electricity per machine hour. (Round unit cost to 2 decimal places, e.g. 52.75.) Variable cost $ per machine hour eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b)