Means Production Company makes several products and sells them for an average price of $90. Mears' accountant is considering two different approaches to estimating the firm's total monthly cost Function, 1 account analysis, and 2) high-low. In both cases, she used units of production at the Independent variable. For the account analysis toch, she developed the cost function by analyzing each cost item in February when production was 1,700 units. The flowing are the results of that analys Variable Cost 36.290 Fixed Cost 50 10 Cost Item Olect materials Direct labor Factory overhead Selling expenses Administrative expenses Total expenses Total Coat 56,290 38,840 17,830 56.720 14,850 $34,530 14,420 $3,400 30 3.410 $3.320 14.05 $11,500 $22,950 for the high-low method, she developed the cost function using the data from February above and data from May, when production was 2.500 units and total costs were 146,237 Arter developing the two cost functions, the accountant used them to make predictions for the month of December, when production was expected to be 1,075 units REQUIRED AROUND UNIT COSTS TO THE NEAREST CENT ANO TOTAL COSTS TO THE NEAREST DOLLAR) Part A (5 tres: sports 1. Using account analysis, what was the accountants estimate of total red costs for December 2. Using account analysis, what was the accountants estimate of variable costs unit for December? Sonne Tres / Part (5tries 5 points) 1. Using the nigh-low method, what was the accountants estimate of total fixed costs for December? 2. Uung the high-low method, what was the accountants estimate of total variable costs for December? ScTries 0/5