Question 1 (24 Marks): Below are the processing costs of Duraseal Products observed over the last 10 months: Use the high low method to determine the variable cost per unit and fixed cost per month. Express your results in the form of a linear equation y = a + bx. Month Units Produced Processing Cost 1 9,900 74,000 2 8,200 63,000 3 7,600 61,000 4 7,800 62,000 5 9,000 65,000 6 6,000 60,000 7 8,300 60,000 We assume the linear relation is Y=a + bX High-Low method Units Produced Processing Cost High point Low point Slope Round to two decimal places b Intercept: a Assume the units level in August is 9600. 9600 The process cost will be Y Round to two decimal places