Question 2 Lotus company incurred the following maintenance costs during the past 9 months Table 1 Moet 1 2 $ uary 120 210 1 160 430 COS 4560 280 2920 8280 20320 3920 17140 400 22400 s 6 2 325 9 570 REQUIRED Part 1 A Use the data on Toble 1. estimate the variable and fed cost of the company using the high and low method B. Develop a cost function for the compy. Estimate the maintenance catif 30 rooms are occupied in October 1. Use a scalier graph and the two points that seem to best represent the relationship between cost and activity levels of 0 and 325 machine bouts Use these two points estimate the variable cost and the feed cost components of maintenance co 2. Develop a cost function that the company can use to estimate maintenance costat different volume levels of occupancy 3. Estimate maintenance costs for December if the company aspects to rooms to he occupied SHOULD CONSTRUCT THE GRAPHIUSING GRAPH PAPER wilable from internet. Very little mark will be given if you make a sketch Question 3 XYZ company provides the following information processed by its analyst department Statistics Covariance 72640 Correlation 08 Standard piation 791 Standard Destiny 21.15 Varice 6254 Vary 456 MS 842 12250 Using the information given on the table bove Question 2 Lotus company incurred the following maintenance costs during the past 9 months Table 1 Moet 1 2 $ uary 120 210 1 160 430 COS 4560 280 2920 8280 20320 3920 17140 400 22400 s 6 2 325 9 570 REQUIRED Part 1 A Use the data on Toble 1. estimate the variable and fed cost of the company using the high and low method B. Develop a cost function for the compy. Estimate the maintenance catif 30 rooms are occupied in October 1. Use a scalier graph and the two points that seem to best represent the relationship between cost and activity levels of 0 and 325 machine bouts Use these two points estimate the variable cost and the feed cost components of maintenance co 2. Develop a cost function that the company can use to estimate maintenance costat different volume levels of occupancy 3. Estimate maintenance costs for December if the company aspects to rooms to he occupied SHOULD CONSTRUCT THE GRAPHIUSING GRAPH PAPER wilable from internet. Very little mark will be given if you make a sketch Question 3 XYZ company provides the following information processed by its analyst department Statistics Covariance 72640 Correlation 08 Standard piation 791 Standard Destiny 21.15 Varice 6254 Vary 456 MS 842 12250 Using the information given on the table bove