Multiple Choice
Machine Master,Inc.had the following data regarding monthly power costs:
| Month | Machine hours | Power cost |
| Jan | 300 | $680 |
| Feb | 600 | 720 |
| Mar | 400 | 695 |
| Apr | 200 | 640 |
Assume that management expects 500 machine hours in May.Using the high-low method,calculate May's power cost using machine hours as the basis for prediction.
A) $700
B) $705
C) $710
D) $1,320
Correct Answer:
Verified
Correct Answer:
Verified
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