Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year:MonthUtilities Machine HoursJanuary$8,700 800 February 8,360 720 March 8,950 810 April 9,360 920 May 9,625 950 June 9,150 900 The variable utilities cost per machine hour for Barkoff is:
A. $4.50.
B. $5.00.
C. $5.50.
D. $0.18.
E. None of the answers is correct.
Answer: C
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The introduction to market activities include
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