ABC Company finds that its utility costs increase as its production goes up, but the costs also include a baseline amount that doesn't vary with production. The following information is gathered. Using the High-low method and the information above, what is the variable cost of utilities per production unit being used in the factory, rounded to the nearest penny? $3.00 $0.33 $8.64 511.09 Using the high-low method XYZ Company analyzed its manufacturing overhead that was a mixed cost. It identified the following points as its HIGH and LOW points and calculated the variable component of the cost as $10 per unit: What is the fixed component of manufacturing overhead? $16,000 $8,000 $24,000 $40,000