Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year:
Month Utilities Machine Hours
January $ 9,600 890
February 9,260 810
March 9,850 900
April 10,260 1,010
May 10,732 1,040
June 10,050 990
The fixed utilities cost per month for Barkoff is:
Multiple Choice
$3,440.
$4,076.
$4,436.
$4,776.
None of the answers is correct.
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