Copious Inc. is a small business ran by the fashion designer Carissa. The company manufactures eco-conscious products ranging from well-made clothing, to comfy and cozy sweaters, to accessories that are all made from scrap fabric. For the second half of 2020, the company gathered the following information on tooling costs and sawing equipment usage:

Month	Tooling Costs	Sawing Equipment Hours
July	$6,147	443
August	6,930	520
September	5,810	430
October	7,230	605
November	7,002	525
December	6,408	567

Instructions

Using the high-low method of analyzing costs, answer the following questions and show computations to support your answer.

(a) What is the estimated variable portion of tooling costs per sawing equipment hour? (1 mark)

(b) What is the estimated fixed tooling costs each month? (4 marks)

(c) If it is estimated that 432 sawing equipment hours will be run in January, what is the expected total tooling costs for January? (2 marks)