The following information is available for a company's utility cost for operating its machines over the last four months. MonthMachine hours Utility costJanuary900 $5,450February1,800 $6,900March2,400 $8,100April600 $3,600Using the high-low method, the estimated variable cost per machine hour for utilities is:
A. $4.22.
B. $6.00.
C. $3.38.
D. $6.17.
E. $2.50.
Answer: E
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