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: Low 3,500 $2,300 High 16,500 2,300 Indirect labor: Low 3,500 $49,000 High 16,500 101,000 Fuel and oil for forklift: Low 3,500 $2,975 High 16,500 14,025 Required: If required, round your answers to two decimal places. Enter a "0" if required. 1. Determine the cost behavior form resource. Us high-low method to assess ixed variable components. Forklift depreciation: V $ F $ Y $ Required: If required, round your answers to two decimal places. Enter a "0" 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: V $ F $ Y $ Indirect labor: V $ F $ X Y $ + $ Fuel and oil for forklift: Vs F $ Y $ x 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 11,000 moves. Forklift depreciation Indirect labor Fuel and oil for forklift Y $ Indirect labor: V $ F $ Y $ + $ Fuel and oil for forklift: Vs F $ Y $ X 2. Using your knowledge of cost behavior, predict the cost of each item for an activity output level of 11,000 moves. Forklift depreciation Indirect labor Fuel and oil for forklift 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. Materials handling cost = $ Using this formula, predict the total materials handling cost if activity output is 11,000 moves. Y = $