Handy Hiking produces backpacks. In 2018, its highest and lowest production levels occurred in July and January, respectively. In July, it produced 4,000 backpacks at a total cost of $110,000. In January, it produced 2,500 backpacks at a total cost of $87,500. Q. Using the high/low method, the average variable cost of producing a backpack was: a. $15.00 b. $31.25 c. $30.38 d. $0.067 Q. Using the high/low method, the total fixed cost of producing a backpack was: a. $50,000 b. $1,500 c. $22,500 d. $109,733 Please show work and no excel sheets. Thank you!