i) ii) 5. Susan Wesley obtains monthly production cost information from the financial accounting department of Bikes Unlimited for the last 12 months. Reporting Period Total Production Costs (Month) Level of Activity (Units Produced) July $230,000 3.500 August 250,000 3,750 September 260,000 3,800 October 220,000 3.400 November 340,000 5,800 December 330,000 5.500 January 200,000 2,900 February 210,000 3.300 March 240,000 3,600 April 380,000 5,900 May 350,000 5,600 June 290,000 5,000 Determine the equation of the total mixed cost function, using the high-low method. Prepare the scatter gram, and use the "line of best fit" to determine the company's fixed cost per month and the variable cost per unit. -2-