Gargymal Company Would Like to Estimate the Variable and Fixed

Multiple Choice

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

A) $1,306.50
B) $870.00
C) $1,290.00
D) $1,150.00