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 March April May June July August September October November December $2,330 3,030 3,560 4,630 3,240 4,920 4,060 3,870 5,030 4,380 3,210 6,530 220 380 460 685 430 800 645 530 675 600 380 820 v (a) E3 Your answer is correct Determine the fixed- and variable-cost components using the high-low method. Fixed-costs 79