12,330 Problem 1-1A - The controller of Crane Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January February 3,030 March 3.560 April 4,630 May 3.240 June 4,920 800 July 4,060 645 August 3,670 530 September 5,030 October November 1.210 December 6,530 Determine the fixed and variable-cost components using the high-low method Fixed costs Variable-costs What electricity cost does the cost equation estimate for a level of activity of 460 machine hours? Electricity costs By what amount does this differ from March's observed cost for 460 machine hours? Amount differs What electricity cost does the cost equation estimate for a level of activity of 800 machine hours? Electricity costs By what amount does this differ from June's observed cost for 100 machine hours? Amount differ Click if you would like to show Work for this questioni Doen Show Work