2. High Low Method 10% The DeMatto Company has provided the following production and average cost data for two levels of monthly production volume. The company produces a single product. Production volume Direct materials 10,700 units $76.90 per unit 11,700 units $76.90 per unit Direct labor $ 50.20 per unit $50.20 per unit Manufacturing overhead $73.40 per unit $69.40 per unit A. Using the High/Low Method calculate the fixed and variable portions of MOH cost. B.Construct a Contribution Margin Statement at 11000 units. (Hint all parts of Cost of Goods Sold are variable). Fixed MOH is separate from COGS.) Production volume Revenue Less Variable Cost Direct Materials Direct labor Variable MOH Total Variable Contribution Margin Less Fix MOH NET Gross Margin I