Answer the following questions in good form. Be sure to provide the detail (formulas) as to how you arrived at each answer. In other words, be sure to show your work! Do not round. Take number out to 2 decimal places. Use the High-Low method of accounting to answer the following questions: 1. What is the variable cost per unit? 2. What is the fixed cost? 3. UMPI plans to see an increase in student enrollment over the next two years, so they have asked you to calculate the total cost of providing services to 3,100 students for projected year 2024 and 3,500 students for projected year 2025. 4. Discuss the limitations of using the High-Low method. The following data which shows the monthly total costs of providing I/T services, as well as the number of students who are using the I/T services each month.

Month	Number of Students Using I/T Services	Total Cost of I/T Services
January	1,700	$ 225,500
February	2,000	$ 241,700
March	2,150	$ 249,800
April	2,200	$ 252,500
May	2,500	$ 268,400
June	650	$ 168,100
July	500	$ 159,500
August	1,000	$ 187,500
September	1,450	$ 211,900
October	1,800	$ 231,500
November	2,100	$ 247,200
December	2,350	$ 259,900