Question: please do it in an excel sheet Determine fixed and variable costs using the high-low method and prepare graph. Total E22.3 (LO 1, 2) The

 please do it in an excel sheet Determine fixed and variable

please do it in an excel sheet

Determine fixed and variable costs using the high-low method and prepare graph. Total E22.3 (LO 1, 2) The controller of Norton Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs. Total Month Maintenance Costs Machine Hours January $2,700 300 February 3,000 350 March 3,600 500 April 4,500 690 May 3,200 400 June 5,500 700 Exercises 22-35 Instructions a. Determine the fixed- and variable-cost components using the high-low method. b. Prepare a graph showing the behavior of maintenance costs, and identify the fixed- and variable-cost elements. Use 100-hour increments and $1,000 cost increments

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