Q
Wilson Company's activity for the first six of the current year is as follows:
|
Month
|
Machine Hours
|
Electrical Cost
|
|
January
|
2,000
|
$1,560
|
|
February
|
3,000
|
$2,200
|
|
March
|
2,400
|
$1,750
|
|
April
|
1,900
|
$1,520
|
|
May
|
1,800
|
$1,480
|
|
June
|
2,100
|
$1,600
|
Using the high-low method, the fixed portion of the electrical cost each month would be:
a. $400
b. $760
c. $280
d. $190