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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 Machine hours Utility cost January
The following information is available for a company's utility cost for operating its machines over the last four months.
Month | Machine hours | Utility cost |
January | 900 | $5,450 |
February | 1,800 | $6,900 |
March | 2,400 | $8,100 |
April | 600 | $3,600 |
Using the high-low method, the estimated total fixed cost for utilities is:
$1,500$3,600$6,000$3,300$2,100
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