Exercise 5-34 (Algo) Methods of Estimating Costs: High-Low (LO 5-1, 2) Kirby Fasteners supplies the electronics industry with accessories for cases, disc enciosures, and so on. Below are the costs and volumes for the past six months at its Plant number 6 : Required: a. Use the highlow 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 13,100 units in July Based on the results from requirement (a), what would be the estimoted 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 varable cost of production per unit. Note: Round Variable cost' answer to 2 decimal places. Exercise 5.34 (Algo) Methods of Estimating Costs: High-Low (LO 5-1, 2) Kitby Fasteners supplies the electronics industry with accessories for cases, disc enclosures, and so an, Below are the costs and volumes for the past the morths at its Piant number 6 . Required: a. Use the high-low methed to estimate the monthy fixed cost of production and the variabie cost of production per unit. b. Kirby analysts forecatt a production level of 13,100 units in July. Based on the results from requiremeot fol what would be the estimated production costs in July? Cemplete this question by entering yeur answers in the tabs below. Kuty analysts forecast a probuction level of 13,100 units in lulk. Based on the resuls from requirement (d), what would be the estimated production costs in July? Woce: Round "Variable cont" to 2 decimal places