The Following Six Months of Data Were Collected on Electricity

question 165

Essay

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

Understand the tax and economic implications of employer-provided health insurance.

Comprehend the impact of various factors on the rising costs of health care.

Understand the federal law provisions related to health insurance in cases of divorce and employment scenarios.

Recognize the community services available for long-term health care needs.

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