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Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine...

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Accounting

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 $ 8,900 820 February 8,560 740 March 9,150 830 April 9,560 940 May 9,871 970 June 9,350 920 Using the high-low method, the utilities cost for Barkoff associated with 1,000 machine hours would be

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