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 $2,580 2,920 3,580 4,750 3,250 4,880 4,060 3,880 5,060 4,210 3,370 6,570 240 380 470 695 410 790 620 570 675 620 380 810 April June uly August September October ato (a) Your answer is correct. Determine the fixed- and variable-cost components using the high-low method. Mard Fixed-costs Variable-costs Attempts: 2 of 3 used What electricity cost does the cost equation estimate for a level of activity of 470 machine hours? Electricity costs complet By what amount does this differ from March's observed cost for 470 machine hours? Amount differ s Attempts: 0 of 3 used