Asokan's Golden Brown Pancake Restaurant features sourdough pancakes made from a strain of sourdough dating back to the Yukon gold rush. To plan for the future, Asokan needs to figure out his cost behaviour patterns. He has the following information about his operating costs and the number of pancakes served: (Click the icon to view the data.) Requirements 1. Use the high-low method to determine Asokan's operating cost equation. 2. Use your answer from Requirement 1 to predict total monthly operating costs if Asokan serves 5,000 pancakes in one month. 3. Can you predict total monthly operating costs if Asokan serves 10,000 pancakes a month? Explain. Data table Start with determining the formula that is used to calculate the variable cost per unit (slope). Choose the correct answer below. A. Lowest cost + Lowest volume = Variable cost (slope) B. Highest cost + Highest volume = Variable cost (slope) C. Change in volume + Change in cost = Variable cost (slope) Month July.... August.. Number of Pancakes Total Operating Costs 3,600 2,340 3,900 2,390 D. Change in cost+ Change in volume = Variable cost (slope) September. 3,200 2,320 E. Total operating cost - Total variable cost = Variable cost (slope) October 3,300 2,270 November 3,850 2,560 Now determine the formula that is used to calculate the fixed cost component. Choose the correct answer below. December 3,620 2,530 A. Change in volume + Change in cost = Variable cost (slope) B. Highest volume - lowest volume = Fixed cost Highest cost- lowest cost = Fixed cost D. Total operating cost - Total variable cost = Fixed cost E. Change in cost + Change in volume = Fixed cost Use the high-low method to determine the variable and fixed costs components of Asokan's operating cost equation. (Round the variable cost to the nearest cent.) y= $ x + $ Print Done