Using Word or Excel answer the following question, Kindly explain all the steps clearly

Using High-Low Method,

High-Low Method.

The CFO of Phoenix Industries has collected the following monthly expense data for use in analyzing the cost behavior of maintenance costs.

1. Determine fixed and variable costs using the high-low method and prepare graph. You can use MS Excel If you wish.
2. Draw 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 for the graph.
3. Draw a scatter plot showing maintenance costs and machine hours for each month.

Month	Total Maintenance Costs	Total Machine Hours
January	$2,500	300
February	3,000	350
March	3,600	500
April	4,500	690
May	3,200	400
June	4,900	700