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The Bear Company collected the following monthly information on units produced and electricity costs:
Month
Units Produced
Electricity Costs
January
50,000
$78,000
February
48,000
$74,500
March
47,000
$72,000
April
54,000
$81,000
May
58,000
$86,000
June
53,000
$79,500
Using the high-low method, prepare an estimate of electricity costs for July, assuming 53,500 units are expected to be produced in July.
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