Using the data below, compute the variable and fixed cost elements using the high-low method. Show all calculations and clearly label the variable cost component and the fixed cost component of the mixed cost.

\begin{tabular}{|l|c|c|} \hline & Units Produced & Total Cost \\ \hline July & 18,000 & $32,000 \\ \hline August & 32,000 & 53,000 \\ \hline September & 36,000 & 59,000 \\ \hline October & 22,000 & 38,000 \\ \hline November & 40,000 & 65,000 \\ \hline December & 38,000 & 62,000 \\ \hline \end{tabular}