Question: Use the high-low method for the following information: Month ..............Cost.......... Hours January................$4,400........ 3,500 February............. $8,000........ 7,000 March.................. $11,000...... 9,500 April.................... $9,000 .........8,500 May..................... $5,500......... 7,700

Use the high-low method for the following information:

Month ..............Cost.......... Hours

January................$4,400........ 3,500

February............. $8,000........ 7,000

March.................. $11,000...... 9,500

April.................... $9,000 .........8,500

May..................... $5,500......... 7,700

The variable cost per unit is:

a) 0.80

b) 1.07

c) 1.10

d) 2.20

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