Exercise 5-29 (Static) Methods of Estimating Costs: Engineering Estimates (LO 5-1, 2) Ferdinand Construction (FC) manages the design and construction of hospitals. Ferdinand has developed several formulas that it uses to quote jobs. These include costs of basic construction but exclude equipment and furniture. These estimates are also dependent on the purpose of the hospital (teaching hospitals are more costly to build) and location (downtown hospitals are more costly to build). Both of these are based on the building costs. The estimated costs also depend on whether the hospital has few or many stories (highrise buildings are more expensive). The following are the cost estimates for one region in the Northeast: Required: A rural county government has requested an estimate to build a 200,000 -square-foot hospital in a small city (though the largest in the county) it will be a single-story building and not affiliated with any teaching institution. Based on the engineering estimates above, what will such o hospital cost to build? Note: Enter your answers in thousands. Exercise 5-34 (Static) Methods of Estimating Costs: High-Low (LO 5-1, 2) Kirby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so on, Below are the costs and volumes for the past six months at its Plant number 6 : Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. b. Kirby analysts forecast a production level of 11,400 units in July. Based on the results from requirement (a), what would be the estimated production costs in July? Complete this question by entering your answers in the tabs below. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. Note: Round "Variable cost" answer to 2 decimal places. volumes for the past six months at its Plant number 6 : Required: a. Use the high-low method to estimate the monthly fixed cost of production and the variable cost of production per unit. b. Kirby analysts forecast a production level of 11,400 units in July. Based on the results from requirement (a), what would be the estimated production costs in July? Complete this question by entering your answers in the tabs below. Kirby analysts forecast a production level of 11,400 units in July, Based on the results from requirement (a), what would be the estimated production costs in July? Note: Round "Variable cost" to 2 decimal places