Using the following data, Calculate the TOTAL annual fixed and variable components for wage cost using the high-low method.

Month Sales Revenue Wage cost

Jan. $48,900 $22,700

Feb 48,300 22,300

Mar. 51,300 22,500

Apl. 48,500 22,900

May 68,100 26,500

Jun. 92,500 37,300

Jul. 106,700 38,400

Aug. 88,100 32,300

Sep. 68,500 30,300

Oct. 60,900 25,700

Nov. 56,500 22,500

Dec. 54,100 26,100