Question: Please Help me answer part C. The controller of Crane Production has collected the following monthly expense data for analyzing the cost behavior of electricity
Please Help me answer part C.



The controller of Crane Production has collected the following monthly expense data for analyzing the cost behavior of electricity costs. Determine the fixed- and variable-cost components using the high-low method. eTextbook and Media b) Your answer is correct. 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? What electricity cost does the cost equation estimate for a level of activity of 800 machine hours? Electricity costs $ By what amount does this differ from June's observed cost for 800 machine hours
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