Question D3 (a) The following costs have been extracted from the records of Epix Production: Month January February March April May June Activity level Pieces 12,950 13,900 12,750 13,100 12,890 12,150 Total cost RM 301,250 308,500 295,250 310,500 300,360 282,250 Required: Calculate the fixed costs per month and variable cost per piece using the High-Low method. (10 marks) (b) A manufacturing company is searching for a method that helps to identify variable cost per unit and fixed cost. The owner learns that you have completed a cost accounting course recently and seeks your opinion. Required: Identify and discuss the challenges that management may face when such method is implemented. (10 marks) (Total 50 marks)