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Question - High Low Method Calculation - You are the manager of an educational facility and have been asked to predict analyze the electric cost for 2020 based on the following 12 months of Information, You know the electric cost has both fixed and variable costs.
(Month)
(KW Used)
(Cost)
January
64,700
6,235.0
February
68,000
6,400.0
March
67,000
6,350.0
April
56,000
5,800.0
May
59,000
5,950.0
June
67,500
6,375.0
July
71,200
6,560.0
August
65,900
6,295.0
September
78,000
6,900.0
October
79,500
6,975.0
November
89,200
7,460.0
December
87,300
7,365.0
Required - What is the variable cost per KW?
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