Page 3 of 3 e 1: Previous Page Next Page 2 3 Question 9 (Mandatory) (2 points) Saved If costs are represented by the formula TC = a + bx, "b" is: unit fixed cost. total variable costs. 7 O total fixed costs. unit variable cost. 11 Question 10 (Mandatory) (2 points) In July, Handy Co. produced 4,000 bags at a total cost of $110,000. In June, it produced 2,500 bags at a total cost of $87,500. In May, it produced 2,500 bags at total cost of $89,000. Using the High-Low method, what was the unit variable cos of producing a bag