Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to calculate Smithson's fixed costs per month. Machine Hours Cost January $81,820 9,600 February 144,460 18,300 March 103,080 12,500 April a. $21,600 b. $40,600 c. $10,200 d. $12,700 120,230 14,900
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fixed costs per month
![Given the following cost and activity observations for Smithson Company's utilities, use
the high-low method to calculate Smithson's fixed costs per month.
Machine Hours
Cost
January $81,820 9,600
February 144,460 18,300
March 103,080 12,500
April
a. $21,600
b. $40,600
c. $10,200
d. $12,700
120,230 14,900](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1c562428-6150-4402-909d-e7d635035d74%2F337363b1-3d63-475a-89ef-0648acd953ca%2Fzx3p7tf_processed.jpeg&w=3840&q=75)
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