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Paine Company wishes to determine the fixed portion of its electrical costs (a mixed cost)....

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Accounting

Paine Company wishes to determine the fixed portion of its electrical costs (a mixed cost). Management believes that the variable portion of the electrical costs is driven by machine-hours. Information for the previous three months follows:

Machine Hours:

January - 33,000

February - 31,000

March - 34,000

Electrical Cost:

January - 600

February - 585

March - 610

Using the high-low method, the fixed portion of the company's electrical costs would be estimated to be closest to?

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