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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 | 1,080 |
| $ | 5,630 |
| February | 1,980 |
| $ | 7,260 |
| March | 2,760 |
| $ | 9,900 |
| April | 780 |
| $ | 3,960 |
Using the high-low method, the estimated total fixed cost for utilities is:
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