A company has been monitoring it's costs over the past year and has found there is a close relationship to its cost of production and the number of machine hours worked. The costs have been vavsonably consistent and even and therefore they have decided to use the high low method for estimating cost behaviour. he coots from the lowest and highest activity months are shown below. REQUIRED: Use the information given to calculate the cost behaviour (in relation to fixed and variable costs) in this firm and predict the cost for the activity level shown: High month total cost $188721 Low month total cost $132082 High month machine hours 697 Low month machine hours 426 Use the high low method to determine cost behaviour and then predict the cost when the 538 quantity produced in a period equals the number shown