Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit.For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units.The amount of fixed electricity cost estimated for July is:

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The Answer of Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit.For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units.The amount of fixed electricity cost estimated for July is:

Using the High-Low Method, Company X Has Determined the Variable