The following six months of data were collected on electricity cost and the number of...
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The following six months of data were collected on electricity cost and the number of machine hours in a factory. Month June July August September October November Required: Using the highlow method, compute the variable rate for the electricity cost. Using the highlow method, compute the fixed cost of electricity. Estimate the total electricity cost to be incurred in December if machine hours are incurred. 
The following six months of data were collected on electricity cost and the number of machine hours in a factory.
Month
June
July
August
September
October
November
Required:
Using the highlow method, compute the variable rate for the electricity cost.
Using the highlow method, compute the fixed cost of electricity.
Estimate the total electricity cost to be incurred in December if machine hours are incurred.
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