Question 3 15 pts The management of Treadmill Corporation would like to have a better understanding of the behavior of its inspection costs. The company has provided the following data: Direct Labor Inspection Cost Hours March 5,043 $48,500 April 5,036 $48,499 May 5,068 $48,677 June 5,066 $48,650 July 5,021 $48,374 August 4,992 $48,202 September 5,078 $48,721 October November 5,033 $48,460 4,980 $48,125 Required: 1. Using the high-low method analysis find a) the variable cost per unit b) the fixed costs and 3) create the cost formula. Show your work! 2. Using the results above, calculate the total budgeted cost for direct labor hours next month assuming that 640 machine hours are budgeted? Show your work!