Question: 3. Using the high-low method, Canyon Enterprises has determined the variable portion of its cost formula for electricity to be $2 per unit. For the

3. Using the high-low method, Canyon Enterprises has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July, the company estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is: a. $0 b. $6,000 c. $18,000 d. $33,000
3. Using the high-low method, Canyon Enterprises has determined the variable

3. Using the high-low method, Canyon Enterprises has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July, the company estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is: a. $0 b. $6,000 c. $18,000 d. $33,000

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