High-Low Method to Determine Fixed Cost and Variable Rate McGarvey Manufacturing Company had the following 12 months of data on purchasing cost and number of purchase orders. Month Purchasing Cost Number of Purchase Orders January $19,250 370 February 18,060 330 March 18,200 340 April 18,050 410 May 19,345 400 June 19,500 450 July 19,670 460 600 August 21,300 September 19,430 440 October 560 20,020 November 18,800 470 December 19,340 480 Required: 1. Determine the high point and the low point. Month with high number of purchase orders Month with low number.of.purchase onders Check My Work