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The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine

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The following information is available for a company's utility cost for operating its machines over the last four months. Month January February March April Machine hours 900 1.800 2,400 600 Utility cost $5,450 # 6,900 $ 8,100 # 3,600 The variable cost per machine hour is $2.50. Using the high-low method, what is the total fixed cost? $1.500. 53,600. $3.300 52.100

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