Question: Please solve the attached question and show method for solution. Happy, Inc., has collected the following information on its cost of electricity: Machine HoursTotal Electricity

Please solve the attached question and show method for solution.

Please solve the attached question and show method for solution. Happy, Inc.,

Happy, Inc., has collected the following information on its cost of electricity: Machine HoursTotal Electricity Costs January February March April May June July August September October November December 520 540 350 460 680 710 330 540 260 740 860 600 $250 $290 $190 $210 $270 $350 $160 $250 $132 $330 $360 $330 Using the high-low method, compute the variable cost of electricity per machine hour. (Roun unit cost to 2 decimal places, e.g. 52.75.) Variable cost per machine hour

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