Jorgenson Corporation has provided the following data for the first five months of the year: Machine Hours Lubrication CostJanuary240 $1,500February320 $1,600March400 $1,740April300 $1,580May340 $1,680 Using the high-low method of analysis, the estimated monthly fixed component of lubrication cost is closest to:
A. $1,140
B. $1,170
C. $1,120
D. $1,130
Answer: A
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