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eBook Calculator High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handling. The number of moves is the driver. The total costs of the three resources and the activity output, as measured by moves for the two different levels, are presented as follows: Resource Number of Moves Total Cost Forklift depreciation: 3,000 $2,200 High Low 15,000 2,200 Indirect labor: Low 3,000 15,000 $78,600 153,000 High Fuel and oil for forklift: Low 3,000 15,000 $2,640 13,200 High Required: If required, round your answers to two decimal places. Enter a "o" if required. 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: VS 0 Check My Work 2 more Check My Work uses remaining All work saved Email Instructor Save and Exit Submit Assignment for Grading 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: V $ 07 2,200 YS 2,200 FS YS 3.60 XX Indirect labor Vs 3.60 X F $ 48,000 X 48,000 X + $ Fuel and oil for forklift VS 0.71 X FS 07 Y $ 0.71 XX 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 10,000 moves. Forklift depreciation 2,200 Indirect labor 87,600 X Vs 0.71X 0 F $ Y $ 0.71 XX 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 10,000 moves. 2,200 Forklift depreciation Indirect labor Fuel and oil for forklift 87,600 X 7,810 X 3. Construct a cost formula that can be used to predict the total cost of the three resources combined. If required, round your answers to two decimal places.