4. High-low Method (7 pts.) California Olive Oil Company reported the following information in 2022, Use high-low method in emarate fixed costs and variable costs, assuming the Company has mixed total costs. Page 5 of 6 (1) Step 1: Calculate variable cost per unit (2 pts) (2) Step 2: Calculate the total fixed costs (2 pts) (3) Step 3: What is the Company's total costs function? (1 pt.) (4) If the Company plans to produce 17,000 bottles next month, what will its total costs be? (2 pts)