Q3 The following data is available from the books of EMMA Ltd. Month Units Produced Cost incurred (GH) January 9,000 45,000 February 9,200 50,000 March 10,400 51,750 April 7,400 41,230 May 9,100 42,520 June 11,100 54,600 July 10,200 40,230 August 7,900 45,230 September 9,150 50,000 October 8,600 45,300 November 7,050 65,200 December 7,650 30,200 Required: Using High and Low method, determine the following: i) Variable cost per unit ii) Fixed cost of the company iii) What will be the total cost of production for 12,500 units of output? iv) How many units can EMMA Ltd produce with a budgeted production cost of? GH56,200