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The following data pertain to activity (in units) and actual utilities cost for three recent years: Year Year 2 Yer 3 Activity Level in Units

The following data pertain to activity (in units) and actual utilities cost for three recent years: Year Year 2 Yer 3 Activity Level in Units 8,000 12,000 10000 Utilities Cost S12,000 $15,000 $17,500 Using the high-low method, what is the fixed costs for utilities? a. $6,000 b. $5,500 C.$3,750 d. $3,000

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