me Remaining: 1:28:00 High-Low Bbio Files Company is the chief competitor of Cover-to-Cover Company in the bookshelf business. Biblio Files is analyzing its manufacturing costs, and has compiled the following data for the first six months of the year. After reviewing the data, answer questions (1) through (3) that follow Units Produced. Total Cost January February 1 4,360 units $65,500 300 6,250 March 1,000 15,000 April 7,000 156,250 May 1,750 June 3,015 32,500 45,000 1. From the data previously provided, help Biblio Files Company estimate the foxed and variable portions of its total costs using the high-low method. Recall that Total Costs- (Variable Cost Per Unit x Number of Units Produced) +Fooed Cost. Complete the following table. Total Fixed Cost Variable Cost per Unit 2. With your Total Fixed Cost and Variable Cost per Unit from the high-low method, compute the total cost for the following values of N (Number of Units Produced). Number of Units Produced Total Cost 3,500 4,360 Check Hy Work Email Instructor Submit Assignment for Grading