A restaurant in SE Portland only offering takeout is trying to use cost data from this spring and summer to estimate costs for the fall and winter. Attached below are total cost and order data by month: High-Low Data Required: 1. Using the high-low method, estimate the variable cost per order. (Formula = (High $ - Low $) / (High Activity - Low Activity) 2. Next estimate the total fixed cost. (Formula = Total cost - (VC/unit x Activity) 3. If the restaurant takes 1,200 orders in November, what will the owner estimate as the total cost for the month, using the rates calculated in #1 and #2? (Formula: Total cost = total variable cost + total fixed cost) A restaurant in SE Portland only offering takeout is trying to use cost data from this spring and summer to estimate costs for the fall and winter. Attached below are total cost and order data by month: High-Low Data Required: 1. Using the high-low method, estimate the variable cost per order. (Formula = (High $ - Low $) / (High Activity - Low Activity) 2. Next estimate the total fixed cost. (Formula = Total cost - (VC/unit x Activity) 3. If the restaurant takes 1,200 orders in November, what will the owner estimate as the total cost for the month, using the rates calculated in #1 and #2? (Formula: Total cost = total variable cost + total fixed cost)