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. Machine Hours Electrical Cost August 1,000 $1,550 September 900 1,510 October 1,500 1,750 November 2,000 1,950 December 1,300 1,670 Using the high-low method of analysis, the estimated fixed cost per month for electricity is closest to? $870.00. $1,306.50. $1,150.00. $1,290.00