Mears 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 as the Independent variable. For the account analysis approach, she developed the cost function by analyzing each cost Item in June, when production was 1,850 units. The following are the results of that analysis: Total Variable Fixed Cost Item Cost Cost Cost Direct materials $6,660 $6,660 $0 Direct labor $9,620 $9,620 $0 Factory $8,160 $5,180 $2,980 overhead Selling expenses $6,960 $3,700 $3,260 Administrative $3,550 $0 $3,550 expenses Total expenses $34,950 $25,160 $9,790 For the high-low method, she developed the cost function using the data from June above and data from August, when production was 2,300 units and total costs were $42,204. After developing the two cost functions, the accountant used them to make predictions for the month of December, when production was expected to be 1,975 units. REQUIRED [ROUND UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEAREST DOLLAR.] Part A (5 tries; 5 points) 1. Using account analysis, what was the accountant's estimate of total fixed costs for December? 9,790 correct 2. Using account analysis, what was the accountant's estimate of variable costs per unit for December? 18 incorrect Submit Answer Incorrect. Tries 2/5 Previous Tries