The controller of Wildhorse Production has collected the following monthly cost data for analyzing the behavior of electricity costs. Total Electricity Costs Total Machine Hours January $2.220 220 February 3080 330 March 3.530 460 April 4.760 690 May 3 220 440 June 4920 790 July 4.100 450 August 3,830 590 September 5,000 560 October 4310 November 3.200 330 December 7.530 810 (a) Your Answer Correct Answer Your answer is correct. Determine the fixed costs and unit variable costs using the high-low method. Tota fixed costs Variable cost per machine hour S eTextbook and Media Solution 240 What electricity cost does the cost equation estimate for a level of activity of 460 maching hours? Electricity cost By what amount does this differ from March's observed cost for 460 machine hours? Ampunt differ IS Assistance Used Attempts: 3 of 3 used