The Following Six Months of Data Were Collected on Electricity

question 98

Essay

The following six months of data were collected on electricity cost and the number of machine hours in a factory. $\begin{array}{lrr}\text { Month } & \text { Electricity } & \text { Machine } \\& \text { cost } & \text { hours }\\\text { June } & \$ 25,160 & 4,500 \\\text { July } & 26,170 & 4,810 \\\text { August } & 27,250 & 5,120 \\\text { September } & 26,680 & 5,010 \\\text { October } & 27,950 & 5,430 \\\text { November } & 27,500 & 5,190\end{array}$ Required: A. $\quad$ Using the high-low method, compute the variable rate for the electricity cost.
B. $\quad$ Using the high-low method, compute the fixed cost of electricity.
C. $\quad$ Estimate the total electricity cost to be incurred in December if 5,300 machine hours are incurred.

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Definitions:

Cooperative/Nonassertive

A behavioral style characterized by a willingness to work with others towards a common goal while often compromising one's own needs or desires.

Accommodating

Adapting one's actions or decisions to consider the needs or wishes of others, often at the expense of one's own preferences.

Lose/Lose Conflict Management

A conflict resolution approach where all parties involved suffer losses or no one achieves their objectives.

Appropriate Arbitration

A fair and neutral method for resolving disputes through an independent third party, often employed when both sides agree to abide by the decision made.