The controller of Crane Production has collected the following monthly cost data for analyzing the behavior of electricity costs.
tabletableTotalElectricity CoststableTotalMachine HoursJanuary$FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember
a
Determine the fixed costs and unit variable costs using the highlow method.
Total fixed costs
Variable cost per machine hour
