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The Corner Store would like to estimate its utility costs. An analysis of the previous year shows that the high level of activity- total

The Corner Store would like to estimate its utility costs. An analysis of the previous year showsthat the high level of acti

The Corner Store would like to estimate its utility costs. An analysis of the previous year shows that the high level of activity- total monthly usage of 44,000 kilowatt hours - had an average cost of $0 11 per kilowatt hour, but the low level of activity-total monthly usage of 20,000 kilowatt hours - had an average cost of $0.13 cents per kilowatt hour. Required: 1. Estimate the variable cost per unit (round to 3 decimals) and the total monthly fixed cost. (5 marks) 2. Estimate the utility cost for 60,000 kilowatt hours in a month. (1 mark)

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