2 Question 3 Jacky Chan has run the organic farms of his family for several years and supply the products to some local clubs in the area. In planning for next year, he wants to know how many orders will be needed each week for the club to break even, but first he must estimate the club's fixed and variable costs and create the cost function. He has collected the following data over 3 the club's season of operation last year: Required: 1 Use the high-low method to calculate the function, relating weekly total costs and number of order 2 Re-do part 1 to calculate the cost function using regression analvsis methnd 3 Jacky wants to know how much would be the cost of each week if he can get the orders as follows: 400, 425, 370 and 520 orders in week 1 to week 4 of the first month next year. Estimate the Cost at high level of activity Less variable cost element The cost formulas are: Part 2) use the regression analysis from the data Part 3) FSTIMATFD COSTS