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NEED HELP NOW Question 2 The following six months of data...

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Accounting

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Question 2 The following six months of data were collected on electricity cost and the number of machine hours in a factory. Month \begin{tabular}{|c|c|} \hline Electricity & eMachin \\ \hline cost & hours \\ \hline$25,160 & 4,500 \\ \hline 26,170 & 4,810 \\ \hline 27,250 & 5,120 \\ \hline 26,680 & 5,010 \\ \hline 27,950 & 5,430 \\ \hline 27,500 & 5,190 \\ \hline \end{tabular} June July August September October November Required: Using the high-low method, compute the variable rate for the electricity cost. Using the high-low method, compute the fixed cost of electricity. Estimate the total electricity cost to be incurred in December if 5,300 machine hours are incurred

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