Given the Following Cost and Activity Observations for Merritt Company's

Given the following cost and activity observations for Merritt Company's utilities, use the high-low method to calculate Merritt's fixed costs per month. $\begin{array}{lll}\text { Machine Hours}&\text { Cost }\\20,000 & \$ 52,600 & \text { January } \\29,000 & 75,100 & \text { February } \\22,000 & 57,000 & \text { March } \\24,500 & 64,000 & \text { April }\end{array}$

A) $25,100
B) $50,000
C) $22,500
D) $2,600