Question 2 Not yet answered Marked out of 1.00 XYZ Company uses the high-low method to analyze mixed costs. During the year, the highest level of activity was in May and the lowest level of activity was in February. In February, the company worked 11,00 hours and had a total cost of $46,300. In May, the company worked 27,000 hours and had a total cost of $110,300. What is the estimated total costat an operating level of 22,000 hours? Flag question Select one: a. $90,300 b. $94,300 c. None of the answers given d. $49,050 e. $98,300 Question 3 Not yet answered XYZ Company incurred the following costs for the month of August when it observed an activity level of 5,000 units: Variable costs $32,600; Fixed costs $25,000; Mixed costs $21,500; Total costs $79,000. During October, the activity level was 16,000 units, and the total costs incurred were $178,000. If the activity level were expected to be 8,000 units for the month of December, what amount of total costs would be expected? Marked out of 100 Flag question Select one: a. None of the answers given b $115,000 C. $124,000 d. $106,000 e. $133,000