The Kochen Company has assembled the following data pertaining to certain costs that cannot be easily identified as either fixed or variable. 
Required:
Using the high-low method determine the forecasted cost for July if the number of hours used is expected to be 3,000.
Definitions:
Problem Solving Software
Specialized software designed to assist in analyzing, understanding, and finding solutions to complex problems or equations.
Constraint
A condition or limitation that must be satisfied in optimization problems or in systems design.
Shadow Price
The implied worth or value of an intangible or constrained resource, used in economic or optimization models to assess opportunity costs.
Dual Value
A concept in linear programming and optimization, representing the worth of relaxing a constraint by one unit in the objective function.
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