High and Low Points Method. Edd Company wants to segregate the fixed and variable portions of mainte¬ nance cost, believed to be a semivariable cost, as measured against machine hours. The following information has been provided for the first six months of the current year:

Machine Maintenance Month Hours Cost January.

. 2,500

$1,250 February.

. 2,200 1,150 March.

. 2,100 1,100 April.

. 2,600 1,300 May.

. 2,300 1,180 June.

. 2,400 1,200 Required: Using the high and low points method, compute the variable cost rate and the fixed cost for mainte¬ nance cost.