A- Farah Company accumulates the following data concerning a mixed cost, using miles as the activity level. (15 Marks) Miles Driven Total Cost January 10,000 $15,625 February 8,000 13,500 9,000 14,400 7,500 12,500 March April Required: 1. Compute the variable and fixed cost elements using the high-low method 2. If it is estimated that 15,000 miles will be driven in May, what is the expected total cost for May