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Calculate the estimated total fixed cost

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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 960 $ 5,510

February 1,860 $ 7,020

March 2,520 $ 8,700

April 660 $ 4,050

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

$1,560.

$4,050.

$6,060.

$3,480.

$2,400.

Reference no: EM132197293

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