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Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine...

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Accounting

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity varies from a low of 600 machine hours to a high of 1,100 machine hours, with the following data being available for the first six months of the year: Month Utilities Machine Hours January $ 10,300 800 February 9,960 720 March 10,550 810 April 10,960 920 May 11,087 950 June 10,750 900 Using the high-low method, the utilities cost for Barkoff associated with 980 machine hours would be

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