K Shannon Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2021. The following cost and other data were gather for 2020 (Click the icon to view the cost and other data) Read the requirements Requirement 1. Which of the preceding costs is variable? Fixed? Mixed? Explain Cost function Cost Explanation Maintenance Mixed Health Insurance Fixed Variable The cost per unit remains constant each month. Shipping costs Requirement 2. Using the high-low method, determine the cost function for each cost Begin by selecting the general formula that represents the linear cost function for each cost Maintenance Health Insurance