Farnor,Inc

question 185

Multiple Choice

Farnor,Inc. ,would like to estimate the variable and fixed components of its electrical costs and has compiled the following data for the last four months of operations. Using the high-low method of analysis,the estimated fixed cost per month for electricity is closest to:

• A)$53.46
• B)$0.00
• C)$3.40
• D)$48.00