Most response Questions As part of the job as a cost analyst, Khalid Al Merri collected the following information concerning the operation of the Machining Department leservations Total Operating costs Machine how January $45.000 TDOO February 52100 3,600 March ST990 STO April 400 May 327,460 SOO Required: Al Compute the values of aand b in the linear cost function( Ya.. relating total operating cost to machine-hours, using the High & Low maria method BjWhat would be the predicted total operating costs for 5,300 hours in June using the cost function estimated in Requirement.A), above? (1 marks Khalid N Merrialso calculated total estimated cost as 532,315 for 5.300 machine hours using regression method and found his result slightly above. Explain the possible reasons of this difference. Also explain which calculation will be more different from the High Low method (1 marks) reliable For the toolbar, press ALT F10 (Por ALTHAN+F10(Mac). BI VS Paragraph Arial 14px 2 T. XO a se