The activity of ABC Company for the first six of the current year is as given as below:
Month Machine Hours Electrical Cost
January 2,000 $1,560
February 3,000 $2,200
March 2,400 $1,750
April 1,900 $1,520
May 1,800 $1,480
June 2,100 $1,600
By using the high-low method, fixed portion of electrical cost each month would be:
a) $400
b) $760
c) $280
d) $190