Q9

Data concerning N Company's activity for the first six months of the year appear below: Machine Hours Electrical Cost January 4,000 $3,120 February 6,000 4,460 March 4,800 3,500 April 5,800 5,040 May 3,600 2,900 June 4,200 3,200 Required: Using the high-low method of analysis, estimate the variable electrical cost per machine hour. O a. 1.07 O b. $0.55 O c. 1.025 O d. $0.65