Essay
Terrell Corporation has the following data relating to its power usage for the first six months of the current year.
| Month | Usage | (Kw)Cost |
| Jan. | 500 | $450 |
| Feb. | 550 | 455 |
| Mar. | 475 | 395 |
| Apr. | 425 | 310 |
| May | 450 | 380 |
| June | 725 | 484 |
Assume usage is within the relevant range of activity.
Required:
a.Using the high-low inethod, compute the cost formula.
b.Terrell Corporation estimates its power usage for July at 660 watts. Compute the total power cost for July
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