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The accountant for Bonny's Hats knows that its electric bills are partly variable, but mostly fixed. The accountant has put together the following data
The accountant for Bonny's Hats knows that its electric bills are partly variable, but mostly fixed. The accountant has put together the following data from the past 6 months comparing machine hours used to total electric cost for the month. Machine Hours Electric Bill January 100 $1,000 February 145 $1,225 March 94 $990 April 120 $1,130 May 90 90 $960 June 130 $1,150 Using the high-low method, calculate the total monthly fixed cost.
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