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2. Majan company shared the following data for a number of recent months: Month Product Returns Warranty Cost January 25 $6,257 February 30 $7,207 March

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2. Majan company shared the following data for a number of recent months: Month Product Returns Warranty Cost January 25 $6,257 February 30 $7,207 March 27 $6,550 April 25 $4,022 May 19 $3,891 June 10 $3,247 Required: Estimate the variable cost per product return and the fixed cost per month using high-low method. Test your answer with both the high and low numbers

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