FIVE QUESTIONS (20 POINTS EACH) 21. Cost Estimation The following historical data was provided about your company 3,000 4,000 1,000 2,000 3,000 3,000 3,000 3,000 75,000 79,500 79,000 75,000 77,000 75,500 75,800 76,000 January February March April June July August Using the high-low method, what is the estimate of variable cost per unit? a. ANSWER: b. Using the high-low method, what is the estimate of fixed costs