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Question

The following information is available for a company's utility cost for operating its machines over the last four months.

Month Machine hours   Utility cost   January 1,010   $ 7,560   February 1,910   $ 7,120   March 2,620   $ 9,200   April 710   $ 5,380        

Using the high-low method, the estimated total fixed cost for utilities is:

  • $1,610.
  • $5,380.
  • $6,110.
  • $3,630.
  • $3,960
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