Question: Refer to the data in PE 21-9. Using the high-low method, estimate the fixed costs per month based on the variable cost rate (computed in

Refer to the data in PE 21-9. Using the high-low method, estimate the fixed costs per month based on the variable cost rate (computed in PE 21-9).


Data from PE 21-9.

Machine Hours Total Utility Costs Month 450 January February March April $14,600 15,350 16,450 17,700 500 570 650 610 52

Machine Hours Total Utility Costs Month 450 January February March April $14,600 15,350 16,450 17,700 500 570 650 610 525 May June 16,800 15,800

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