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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:

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