Question 2 As part of his job as a cost analyst Max Thompson collected the following information conceming the aperations of the Machining Department Total Operating Costs $45.000 49,500 45,750 48,000 49,300 Machine-hours 4.000 4600 3800 4.400 4,500 Observation January February March April May Required: a) Use the high-low method to determine the estimating cost function with machine he as the cost driver (3% mark b) if June's estimated machine-hours total 4,200, what are the total estimated costs of Machining Department? (1% mar Section B: Problem Solving (12 marks) Question 1; Golden Shop made total sales for AED180 000 in 2015 Total variable costs were AED54 000 Total fxed costs were AED30.000 Required: Compute the following a) Calcuate breakeven point (in sales amount) (2% marks) Peqcs EC 3.33 Cm y 51ees (2 marks) b) Calculate margin of safety ratio c) Golden shop is interested in increasing margin of safety ratio, explain what meassures can be taken to increase this ratio? (1 % marks)