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

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

Total Electricity Costs

Total Machine Hours

January

$2,450 230

February

3,060 380

March

3,520 480

April

4,760 685

May

3,190 410

June

4,910 800

July

4,030 650

August

3,870 540

September

5,040 680

October

4,260 610

November

3,250 380

December

6,580 820

(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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