CONCAMA PROBLEMS MODULE 11 PROBLEM ** (COSTESTIRATION This problem has two parts. In Part A you are asked to do account analysis based on cost and activity information that you are given for one particular past month In Part you are asked to do the high-low method based on cost and activity information for that same month and another past month Note that for both parts, you are asked to make predictions for a future month tach part of the problem is worth live points and he wecuretion. There is no partial credit within a portate et le five points for a part, you must answer both questions correctly You get five tries for each part (not for each individual question). Cost Item Total Cost Meus Production Company makes over products and see them for an average prices. More accountant is considering the efferent precies to estimating the trwys sotat monti contraction, 1) account analys, and how. In both cases, the units of production as the independenta for the accouch the developed the cost function by analyzing each cotto in february, when production at 1.050 unts. The following are the rest or at www Feed Cont Variable Cort Drect materials 57.100 32.00 59.750 $9.750 Factory overhead 97,715 54,455 Seling expenses $5.840 $3,500 12.340 Administrative expenses $4.000 54,100 Total expenses $11,530 324,375 10 Direct labor 50 $3,230 $35,905 For the high-low method, the developed the counction using the data from February above and data from May when production was 2.450 unts and total costs were $43.304 After developing the two cost functions, the accountant wed them to make predictions for the month of October when production was expected to be 2.300 unts REQUIRED TROUND UNIT COSTS TO THE NEAREST CENT AND TOTAL COSTS TO THE NEAREST DOLLAR) Part A ( 5 points) 1. Using account may, what was the accountant's estate of total red costs for October 7. Using account analysis, what was the accountants estimate of table costs for October