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 C each group) Costs Costs Costs 2,000 $4,160 $1,600 $3,840 12,000 20,160 9,600 3,840 16,000 26,560 12,800 3,840 20.000 32.960 16,000 3,840 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 x Volume) $ + $ x Volume B $ + $ x Volume $ + $ x Volume