Please Use Info Provided to Answer Questions 1 and 2

2. Express the fixed and variable components of total monthly shipping expenses as a cost formula. Y = XCool-It Company is a wholesaler of custom-built air conditioning units for commercial buildings. The data below show the number of units shipped and the total shipping expenses for the past eight months. Number of Units Total Shipping Month Shipped Expenses January 3 $ 3,666 February 6 $ 4, 686 March 4 $ 3,466 April 5 $ 4,666 May 7 $ 4, see June 8 $ 5,466 July 2 $ 2,466 August 1 $ 1, 269 Required: 1. Using the highlow method, estimate the xed shipping expenses per month and the variable cost of shipping each unit. Fixed shipping expense I l per month Variable cost element :per unit