ABC Toy Store, Inc. operates several retail locations throughout the county. The data below represents its labor cost for the first six months of 2019 at its Oxnard store. Month Labor Cost Sales January February March April May June 183,000 190,000 178,000 187,000 140,000 167,000 570,000 600,000 550,000 590,000 400,000 510,000 a. Using the high-low method, estimate the fixed and variable components of labor cost Express the cost behavior in equation form. b. Draw a graph of the cost behavior. Show which areas represent fixed costs, variable costs, and total labor costs. Labor Cost $210,000 $200,000 $180,000 $160,000 $140,000 $120,000 $100,000 $ 80,000 $ 60,000 $ 40,000 $ 20,000 Production/ Sales $ 200,000 $ 400,000 $ 600,000