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The following six months of data were collected on electricity cost and the number of machine hours in a factory. Month Electricity cost Machine hours
The following six months of data were collected on electricity cost and the number of machine hours in a factory.
Month | Electricity cost | Machine hours |
|
|
|
June | $ 25,160 | 4,500 |
July | 26,170 | 4,810 |
August | 27,250 | 5,120 |
September | 26,680 | 5,010 |
October | 27,950 | 5,430 |
November | 27,500 | 5,190 |
Using the high-low method the variable rate for the electricity cost is?
Using the high-low method the fixed cost of electricity is?
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