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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 | 1,000 |
| $ | 4.800 |
February | 1,800 |
| $ | 6,900 |
March | 2,800 |
| $ | 9,300 |
April | 2,600 |
| $ | 8,300 |
Using the high-low method, the estimated total fixed cost for utilities is:
PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES
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