q16

The following information is available for Mazoon company's electricity cost for operating its heavy machinery over the last quarter of the year 2020. Month Machine hours Electricity cost September 1.800 $ 10,900 October 1,200 $ 6,200 November 4.800 $ 16,200 December 3,600 $ 13,800 Using the high-low method, the estimated variable cost per machine hour for total cost of electricity is approximately: a $2.78 Ob $1.76 Oc$0.36 d. None of the given answers O $3.38