Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations.   Cost Machine Hours January $26,500 9,600       February 38,700 17,800       March 28,600 11,600       April 30,200 14,600

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to determine Smithson's fixed costs per month. Round your final answer to the nearest dollar. Do not round interim calculations.

  Cost Machine Hours
January $26,500 9,600      
February 38,700 17,800      
March 28,600 11,600      
April 30,200 14,600      
a.$9,774
b.$20,769
c.$39,094
d.$12,217
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