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ohavior and Cost-Volume-Profit Analysis for Many Glacier Hotet Cost Behavior a Cornerstones 3-2 Chapters | Objectives Corn 4-5 4-7 4-1 4-2 The purpose of this integrated exercise is to demonstrate the interrelationship between cost estimation echniues and subsequent uses of cost information. In particular, this exercise illustrates how and fixed cost information estimated from a high-low analysis can be used in a single- and multiple-product CVP analysis Using the High-Low Method to Estimate Variable and Fixed Costs on Swiftcurrent Lake in Glacier National Park, Many Glacier Hotel was built in 1915 revenue, the hotel decided in 2003 to begin manufacturing and selling small wooden canoes decorated with symbols hand painted by Native Americans living near the park. Due to the great success of the canoes, the hotel began manufacturing and selling paddles as well in 2006. Many hotel guests purchase a canoe and paddles for use in self effort to su guided tours of Swiftcurrent Lake. Because production of the two products began in different the canoes and paddles are produced in separate production facilities and employ different laborers. Each canoe sells for $500, and each paddle sells for $50. A 2006 fire destroyed the hotel' records. However, a new system put into place before the 2007 season provides the following a s accounting gated data for the hotel's canoe and paddle manufacturing and marketing activities: Manufacturing Data: Number of Canoes Total Canoe Manufacturing Costs Number of Paddles Total Paddle Manufacturing Year Manufactured 2012 2011 2010 2009 2008 Year Manufactured Costs 250 275 240 310 350 $106,000 2012 115,000 2011 08,000 2010 22,000 2009 130,000 2008 40,000 2007 900 $38,500 1,200 1,100 1,700 49,000 42,000 45,500 56,000 66,500 2007