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The controller of Oriole Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs January February March April May

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The controller of Oriole Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs January February March April May June July August September October November December Total Electricity Costs $2,580 2.920 3,580 4.750 3,250 4,880 4,060 3,880 5,060 4210 3,370 6,570 Total Machine Hours 240 380 470 695 410 790 620 570 675 620 380 810 (a) Your Answer Correct Answer Determine the fixed and variable-cost components using the high-low method

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