QUESTION 1 (50 marks) A Randburg-based company has the following information: Month Labour Hours Total Labour Cost January 51.00 960.00 February 45.00 930.00 March 51.00 930.00 April 59.00 885.00 May 63.00 750.00 June 48.00 795.00 July 39.00 750.00 August 39.00 750.00 September 47.00 795.00 October 53.00 825.00 November 65.00 870.00 December 72.00 1 020.00 Estimate the fixed and variable components of the labour cost using the information given above. The following estimation techniques must be used: tadt Olequations may be cry Oroquocuro Leath S odkar works 100 hour e. In your opinion evaluate the two methods based on your results above and advise management as to which method would be best to use for estimation purposes (4)