Determine the variable-cost components using the high-low method. (Round variable cost to 2 decimal places e.g. 12.25.) Variable cost per machine hour VIDEO: SIMILAR EXERCISE VIDEO: APPLIED SKILLS LINK TO TEXT LINK TO TEXT Determine the fixed cost components using the high-low method. (Round answer to 0 decimal places e.g. 2,520.) Fixed costs Problem 5-1A (Part Level Submission) The controller of Sunland Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. January February March April Total Total Electricity Costs Machine Hours $2,480 220 2,970 360 3,570 450 4,740 685 3,240 400 4,870 750 4,120 650 3,850 580 5,010 665 May June July August September October November 4,350 3,350 6,330 December Determine the fixed- and variable-cost components using the high-low method. Collapse question part Fixed-costs Variable-costs Click if you would like to Show Work for this question: Open Show Work