High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown below. Volume (applicable to Group A Group B Group each group) Costs Costs Costs 2,000 $5,720 $2,200 $5,280 12,000 27,720 13,200 5,280 16,000 36,520 17,600 5,280 20,000 45,320 22,000 5,280 What cost behavior patterns are apparent? Express each as a cost formula: Total cost = Fixed costs + (Variable cost x Volume) Group Fixed costs (Variable cost * Volume) x Volume + $ x Volume $ x Volume $ + $ B $ Check