on 1 t ed out of t The following information has been provided from a company for the quantity of Machine Hours (MH) worked each month and the costs recorded for Indirect Material Costs. Machine hours have been chosen as their most appropriate cost driver. MH Worked Indirect Material Cost January 3484 $1,600,960 February 5884 $2,656,960 March 3683 $1,688,520 April 6380 $2,875,200 May 5491 $2,484,040 June 6049 $2,729,560 July 2905 $1,346,200 August 6174 $2,784,560 September 3907 $1,787,080 October 2720 $1,264,800 November 6143 $2,770,920 December 5895 $2,661,800 Required: Use the HIGH-LOW method of cost estimation to determine the cost behaviour between costs and MH in relation to the FIXED AND VARIABLE COSTS of production and estimate the cost of Indirect materials for a month in which the following Machine Hours are to be worked: 2780 Machine Hours NOTE: Only enter whole numbers - NO DOLLAR SIGNS ($) or commas. For example, if you wish to enter $1,500 only enter 1500