Question Content Area

Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month.

	Cost	Machine Hours
January	$101,900	10,400
February	169,900	18,400
March	115,910	12,000
April	142,970	15,200

a.$23,000

b.$13,500

c.$10,800

d.$43,200