M5-14 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3) Handy's Hats makes the world's best hats. Information for the last eight months follows: ook rences Month January February March April May June July August Number of lata Produced 4,750 3,150 2,600 4,800 6,400 7,350 5,600 8,550 Total Cost $5,900 4,850 4,200 6,125 7,655 8,575 7,000 9,555 Using the high-low method, calculate the total fixed cost per month and the variable cost per hat. (Round your "Variable Cost per Unit" answer to 3 decimal places.) Variable Cost per Unit Fixed Cost