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The following six months of data were collected on electricity cost and the number of...

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Accounting

The following six months of data were collected on electricity cost and the number of machine hours in a factory.

Month Electricity cost Machine hours
June $25,160 4,500
July 26,170 4,810
August 27,250 5,120
September 26,680 5,010
October 27,950 5,430
November 27,500 5,190

Refer to Figure 3-13. An independent variable value used in calculating the cost line using the high-low method is:

a.$27,950

b.4,000

c.5,430

d.$25,160

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