Business, 19.09.2021 01:40 jnelso5437

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,200 machine hours, with the following data being available for the first six months of the year: Month, Utilities Machine Hours
January $ 9,200 850
February 8,860 770
March 9,450 860
April 9,860 970
May 10,240 1,000
June 9,650 950
Using the high-low method, the utilities cost for Barkoff associated with 1,030 machine hours would be:

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