High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinis, Inc, monitored activitles associated with materias handling costs. The high and low levels of resource usage occurred in September and March for three different resources associated with materials handing. The number of moves is the driver. The total costs of the three reseurces and the activity output, as measured by moves for the two different levels, are presented as follows: Required: If required, round your answere to two decimal places. Enler a tor if requied. 1. Determine the cost beharner formula of each resource. Whe the high low method to assesu the foxed and variablo components. Forktift depreciation: V 1 1. Determine the cost behavior formula of each resource. Use the high-low method to assess the fixed and variable components. Forklift depreciation: 2. Using your knowiedge of cost behavior, predict the cost of each item for an activity outpot level of 9,000 moves. 3. Coristruct 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, Materiats handing cost =$ x Using this formula, predict the total materiais handing cost if activity output is 9,000 moves. Y=1