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Question 3 The controller of Crane Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Total Total Electricity Costs Machine Hours January $2,330 220 February 3,030 380 March 3,560 460 April 4,630 685 May 3,240 430 June 4,920 300 July 4,060 645 August 3,870 530 September 5,030 675 October 4,380 600 November 3,210 380 December 6,530 820 Your answer is partially correct. Try again. (a) ine the fixed- and variable-cost components using the high-low method. Fixed-costs x 14770 Variable-costs x Your answer is incorrect. Try again. ( b) What electricity cost does the cost equation estimate for a level of activity of 460 machine hours? Electricity costs By what amount does this differ from March's observed cost for 460 machine hours?El Your answer is incorrect. Try again. (D) What electricity cost does the cost equation estimate for a level of activity of 450 machine hours? I: Electricity costs _ $ By what amount does this differ from March's observed cost for 460 machine hours? I! Amount differ $ _ I2] Your answer is incorrect. Try again. (C) What electricity cost does the cost equation estimate for a level of activity of 800 machine hours? I3 Electricity costs _ $ By what amount does this differ from June's observed cost for 800 machine hours? I3 Amount differ $ _ Click if you would like to Show Work for this question: Qpen Show Work