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

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

Total Electricity Costs

Total Machine Hours

January

$2,380 200

February

3,010 390

March

3,600 490

April

4,800 690

May

3,150 500

June

4,900 710

July

4,040 645

August

3,880 530

September

5,060 675

October

4,200 610

November

3,390 390

December

6,090 730

(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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