ETutor is an online tutoring service provider that is particularly popular with college students. The company is interested in estimating the fixed and variable components of its tutoring services costs. The manager believes that these costs are driven by the number of hours of tutoring services provided. The following information was gathered for the last six months of business: Month Number of Hours Tutoring Costs January 29,000 368,000 February 45,000 480,000 March 33,000 412,000 April 35,000 433,000 May 38,000 438,000 June 22,000 312,000 Required: b. Use the high-low method to estimate the total fixed cost and the variable cost per hour. Note: Round the variable cost per hour to two decimal places