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Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations (revenues and costs in thousands of dollars): Store Revenues Costs $4,110 2,237 101 $4,229 2,914 5,196 102 5,753 4023 104 4,002 2.929 105 43 5044 3,706 106 107 108 109 110 6,904 1,794 5,466 3.258 3,906 4,715 3,562 4,857 2,174 2,424 4,728 2,989 4,204 3,220 2,586 4,675 3,001 112 113 114 115 Required information 0.75 points Required a. Use the high-low method to estimate the fixed and variable portions of store costs based on revenues. (Round variable cost percentage answer to 1 decimal place. Enter fixed cost answer in thousands of dollars.) Variable cost 0.511% Fixed cost