1. The following information is available for maintanence costs for the first six months of the year. Month January February March April May June July August September November December Production Volume 10,000 12,000 11,500 13,000 16,000 17,500 18,200 17,600 15,400 12,800 9,500 Maintanence Cost $77,000 85,500 84,700 88,600 98,300 101,700 104,600 102,900 97,100 88,650 78,500 i. Compute the fixed and variable components of maintanence costs using the high-low method. What is the cost formula for maintanence costs? Estimate the maintenance costs if expected production for the next month is 15,000 units. (15 points) ii. The following computer printout was generated using the least squares method on the maintanence cost data given above: Intercept Slope Activity Variable 48,034.62 3.12 Units of Production Volume Using the information from the computer printout, develop a cost function that can be used to estimate maintenance costs at different volume levels and estimate the maintenance costs if expected production for the next month is 15,000 units. (15 points)