5. Given the following cost and activity observations for Smithson Company's utilities, use the high-low method to a) calculate Smithson's fixed costs per month. Do not round your intermediate calculations (b) Calculate the projected total cost for the month of May when it is expected that 23,500 hours will be used in the company. (Show your cost function supporting your ultimate solution). January February March April Cost $50,000 85,000 60,000 64,000 Machine Hours 19,500 35,500 22,500 24,500