EXERCISE 1 The following information is available for a company's cost of sales over the last five months. Month January February March April May Units sold 750 800 1,600 2,500 3,000 Cost of sales $ 35,000 $ 37,000 $ 75,000 $ 90,000 $ 110,000 Using the scatter diagram, is fixed cost are $7,500 Estimate variable cost of sales per unit (4 points) If the company projects units sold for next month to be 2,600, how much the total cost of sales will be? (2 points)