1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: Vs FS Y SI Indirect labor: Vs FS Y $ X Fuel and oil for forklift: V$ F$ Y s X 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 12,000 moves. Forklift depreciation Indirect labor Fuel and oil for forklift 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places. Materials handling cost = $ + S Using this formula, predict the total materials handling cost if activity output is 12,000 moves. Y = 5