Baston Company manufactures major appliances. Because of growing interest in its products, it has just had its most successful year. In preparing the budget for next year, its controller compiled these data:

Month. Volume in Machine hours. Electricity Cost

July 6,000 60,000

Aug 5,000 53,000

Sep 4,500 49,500

Oct 4,000 46,000

Nov 3,500 42,500

Dec 3,000 39,000

Total 26,000 290,000

Using the high-low method, determine the variable electricity cost per machine hour and the monthly fixed electricity cost. Estimate the total variable electricity costs and fixed electricity costs if 4,800 machine hours are projected to be used next month.