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The management of Treadmill Corporation would like to have a better understanding of the behavior of its inspection costs. The comparw has provided the following data Inspection Cost March April May June July August September October November Direct Labor Hours 5,043 5,036 5.068 5.066 5,021 4.992 5.078 5.033 4.980 $48.500 $48.499 $48.677 $48.650 $48,374 $48.202 $48.721 $48,460 $48,125 Required: 1. Using the high-low method analysis find a) the variable cost per unit b) the fixed costs and 3) creat cost formula. Show your work! 2. Using the results above, calculate the total budgeted cost for direct labor hours next month assu 640 machine hours are budgeted? Show your work