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:

Authoritarian Personality

A personality type characterized by adherence to strict obedience and control over those perceived as lower in status, often valuing order and tradition over freedom.

Dogmatic

Characterized by strong belief in the unquestioned correctness of one's opinions, often without consideration of evidence or other viewpoints.

External Locus of Control

is a belief system where individuals think that their success or failure is due to external factors beyond their control.

Distress

A negative impact on both attitudes and performance.