Determine the estimated variable cost per unit for utilities

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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

900

$5,450

February

1,800

$6,900

March

2,400

$8,100

April

600

$3,600

Required - Using the high-low method:

Determine the estimated variable cost per unit for utilities?

Determine the estimated total fixed cost?

Reference no: EM133180303

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