Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations.
-Using the high-low method of analysis, the estimated variable cost per machine hour for electricity is closest to:
A) $0.40
B) $2.50
C) $0.98
D) $1.68

Question

Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations. 
-Using the high-low method of analysis, the estimated variable cost per machine hour for electricity is closest to:
A) $0.40 
B) $2.50 
C) $0.98 
D) $1.68

Quizplus · Accepted Answer

The Answer of Gargymal Company would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last five months of operations. 
-Using the high-low method of analysis, the estimated variable cost per machine hour for electricity is closest to:
A) $0.40 
B) $2.50 
C) $0.98 
D) $1.68

Gargymal Company Would Like to Estimate the Variable and Fixed