Question: Submit Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's

 Submit Barkoff Enterprises, which uses the high-low method to analyze cost

Submit Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1.200 machine hours, with the following data being available for the first six months of the year. Month January February March April May June Utilities $ 9,100 8,760 9,350 9,760 10,117 9,550 Machine Hours 840 760 850 960 990 940 Using the high-low method, the utilities cost for Barkoff associated with 1,020 machine hours would be Multiple Choice $10.204 $10,164 $10,014

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