Accounting Co. is trying to determine the fixed and variable components of a service provided by an outside technology vendor. The vendor sends one comprehensive bill at the end of every month. The company notices that the bill fluctuates with the number of hours of service used. It has the following data from the past six months:

	Hours Used	Total Cost
June	10643	$2,914
July	10063	$2,859
August	10525	$2,848
September	9,558	$2,745
October	11180	$2,940
November	12,279	$3,097
December	11505	$2,844

Calculate the fixed cost of the company's utility bill.

· Round your answer to the nearest dollar.

· DO NOT USE DOLLAR SIGNS.

· Answer example: If your calculation = $55.12, your answer should be $55

· Please note that, due to rounding to the nearest cent in variable costs, your answer may vary somewhat from the exact calculation given by the software. Also, the total variable costs calculated by using the high set of numbers may differ slightly that the fixed cost using the low set of numbers. There is a variance tolerance set in the software which will allow the software to accept either of the correct answers.

Answer rating: 100% (QA)

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