The following six months of data were collected on electricity cost and the number of machine hours in a factory. $\begin{array}{lrr}\text { Month } & \text { Electricity } & \text { Machine } \
& \text { cost } & \text { hours }\
\text { June } & \$ 25,160 & 4,500 \
\text { July } & 26,170 & 4,810 \
\text { August } & 27,250 & 5,120 \
\text { September } & 26,680 & 5,010 \
\text { October } & 27,950 & 5,430 \
\text { November } & 27,500 & 5,190
\end{array}$ Required: A. $\quad$Using the high-low method, compute the variable rate for the electricity cost.
B. $\quad$Using the high-low method, compute the fixed cost of electricity.
C. $\quad$Estimate the total electricity cost to be incurred in December if 5,300 machine hours are incurred.

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The Answer of The following six months of data were collected on electricity cost and the number of machine hours in a factory. $\begin{array}{lrr}\text { Month } & \text { Electricity } & \text { Machine } \
& \text { cost } & \text { hours }\
\text { June } & \$ 25,160 & 4,500 \
\text { July } & 26,170 & 4,810 \
\text { August } & 27,250 & 5,120 \
\text { September } & 26,680 & 5,010 \
\text { October } & 27,950 & 5,430 \
\text { November } & 27,500 & 5,190
\end{array}$ Required: A. $\quad$Using the high-low method, compute the variable rate for the electricity cost.
B. $\quad$Using the high-low method, compute the fixed cost of electricity.
C. $\quad$Estimate the total electricity cost to be incurred in December if 5,300 machine hours are incurred.

The Following Six Months of Data Were Collected on Electricity