Question 2 The manufacturing cost at Bibby Bobi Enterprise for the past 5 years is as follows: Year Production Units Cost (RM) 2014 55,000 17,500 2015 43,000 11,500 2016 88,000 34,000 2017 63,000 21,500 2018 70,000 25,000 Required: By using High-Low Method, calculate: a) Variable Cost per unit b) Fixed Cost per unit c) Total Cost Equation d) Explain the following terms with an example or illustration. i) Period Cost ii) Prime Cost (2 marks) (1 mark) (2 marks) (2.5 marks) (2.5 marks) [Total: 10 marks]