Question
The following 6 months of data were collected on electricity cost and the number of machine hours in a factory.

Electricity

Machine

Month

cost

hours

June

$25,160

4,500

July

  26,170

4,810

August

  27,250

5,120

September

  26,680

5,010

October

  27,950

5,430

November

  27,500

5,190

An independent variable value used in calculating the cost line using the high-low method is:

  a.
$27,950
  b.
5,430
  c.
$25,160
  d.
4,000

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Cost Accounting

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