Data concerning nelson company's activity for the first six months of the year appear below: machine hours electrical cost january 4,000 $3,120 february 6,000 $4,460 march 4,800 $3,500 april 3,800 $3,040 may 3,600 $2,900 june 4,200 $3,200 using the high-low method of analysis, the estimated monthly fixed component of the electrical cost is: $1,520 $440 $260 $560

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