The Bear Company collected the following monthly information on units produced and electricity costs: Month Units Produced
Fantastic news! We've Found the answer you've been seeking!
Question:
The Bear Company collected the following monthly information on units produced and electricity costs:
| Month | Units Produced | Electricity Costs |
| January | 50,000 | $78,000 |
| February | 48,000 | $74,500 |
| March | 47,000 | $72,000 |
| April | 54,000 | $81,000 |
| May | 58,000 | $86,000 |
| June | 53,000 | $79,500 |
Using the high-low method, prepare an estimate of electricity costs for July, assuming 53,500 units are expected to be produced in July.
Expert Answer:
Posted Date:
