PROBLEM 3 (5 POINTS) Use the following information to answer questions a. and b. A company provides the following information about the total amount of a mixed cost for each month along with the number of units produced in each month. Month Cost Units produced January February March April May $580,000 $660,000 $550,000 $720,000 $540,000 50,000 60,000 45,000 65,000 46,000 a. Using the high-low method of cost estimation, what is the variable cost per unit? b. Using the high-low method of cost estimation, what is the fixed cost in total?

PROBLEM 3 (5 POINTS) Use the following information to annwer questions a and b A company provides the following information about the total amount of a mixed cost for each month along with the number of units produced in each month a. Using the high-low metbod of cost estimation, what is the variable cost per unit? b. Using the high-low method of cost estimation, what is the fixed cost in total