Whitehouse Company manufactures major appliances. Because of growing interest in its products, it has just had its most successful year. In preparing the budget for next year, its controller compiled these data:

Using the high-low method, determine the variable electricity cost per machine hour and the monthly fixed electricity cost. Estimate the total variable electricity costs and fixed electricity costs if 4,800 machine hours are projected to be used next month.

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Volue in Machine Hours Month Electricity Cost S 60,000 August Sepeember October November 6,000 5,000 4,500 4,000 3,500 3,000 26,000 53,000 49,500 46,000 42,500 39,000 Six-month total