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A mobile telephone network provider provides the following 6 month record of number of calls and related wage costs. Month No. of calls Wage costs

 

A mobile telephone network provider provides the following 6 month record of number of calls and related wage costs.

Month No. of calls Wage costs

July 11,200 $5,300

August 14,900 6,200

September 19,100 7,000

October 24,200 9,600

November 27,400 10,100

December 26,300 9,700

Required: Use the high low method to calculate total fixed cost and variable cost per unit for the 6 month period. [5 Points]

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