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The controller of Oriole Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Electricity Costs Total Machine

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

Total Electricity Costs

Total Machine Hours

January

$2,400 250

February

3,010 360

March

3,570 500

April

4,790 690

May

3,150 410

June

4,930 740

July

4,110 630

August

3,880 530

September

5,010 665

October

4,380 630

November

3,320 360

December

5,970 760

(a)

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

Fixed-costs

$enter the fixed cost amount in dollars

Variable-costs

$enter the variable cost amount in dollars

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