High-LOW El Files Company is the chief competitor of Coverto-Cover Company in the bookhol business to Files in analyzing to manufactuong costs and has compiled the following data for the first months of the year. After reviewing the date answer questions (t) through (3) that follow Number of Units Produced 4360 225 Total COM 565,600 January February 6,250 15,000 March 1.000 April 5.475 111.250 32.500 May 1.750 Juno 3,015 48.000 1 From the data previously provided hebblo Files Company estimate the sxed and variable portions of its total costs using the ghow method Racaltat Tota Coats Vantable Cost Per Unitx Number of Units Produced) - Ford Cost Complete the following table Total Fixed Cost Variable Cost per Unit S Points: 012 2. With Your Total Fixed cost and Variable Cost per unit from the high-low method compute the total cost for the following values of N(Number of Units Produced Number of Units Produced Total Cost 3,500 S 4,360 5,475 Paints 0/3 3. Why does the total cost computed for 4 360 units not match the data for January in the table at the top of this panel? The high-low method gives a formula for the estimated total cost and may not match levels of production other than the highest and lowest The high-low method gives accurate data only for levels of production outside the entrange The high-low method only gives accurate data when fred costs are zero The high-low method is accurate only for months in which production is a full capacity