The cost formula for monthly depreciation cost in a factory is: Total cost = $10,000 This cost is a. strictly fixed. b. a mixed cost. c. strictly variable. d. a step cost. Total cost = Fixed cost + (Variable Rate Output) Refer to Figure 3-1. In the cost formula above which element would be the intercept? a. Total cost b. Fixed cost c. Output d. Variable rate The high-low method Is not affected by the presence of outliers. Is the most accurate methods. Has the advantage of objectivity. Has the advantage of subjectivity. The following four months of data were collected on utility cost and the number of labor hours in a factory. Month Utilitycost Laborhours January $22,100 3,975 February 24,600 5,430 March 23,500 4,400 April 20,140 3,200 Refer to Figure 3-11. Using the high-low method, compute the fixed cost of electricity. a. $6,400 b. $10,860 c. $13,740 d. None of these choices are correct. Which of the following would be a variable cost for a dentist's office? Depreciation on equipment Cost of teeth cleaning material Salary of dentist Cost of renting office space