Problem 22-01A a-c (Part Level Submission)

The controller of Cullumber Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs.

		Total Electricity Costs				Total Machine Hours
January			$2,540				290
February			3,060				350
March			3,520				460
April			4,660				685
May			3,220				480
June			4,880				790
July			4,040				635
August			3,880				550
September			5,050				660
October			4,370				615
November			3,360				350
December			6,180				810

(a)

Determine the fixed- and variable-cost components using the high-low method.

Fixed-costs		$
Variable-costs		$