Question: Please help me I have 30 min to solve this The following six months of data were collected on electricity cost and the number of

Please help me I have 30 min to solve this

The following six months of data were collected on electricity cost and the number of machine hours in a factory. Electricity Machin e Month cost hours June $25,160 4,500 July 26,170 4,810 August 27,250 5,120 September 26,680 5,010 October 27,950 5,430 + November 27,500 5,190 Required: Using the high-low method, compute the variable rate for the electricity cost. Using the high-low method, compute the fixed cost of electricity. Estimate the total electricity cost to be incurred in December if 5,300 machine hours are incurred

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