Question : stion 4: High-Low Method Time: 15 minutes Total: 10 marks A manufacturing manager collected the following information for the Production Department: Aureze Observation January February Machine-hours 8,000 9,200 7,600 8,800 9,000 Total Operating costs $60,000 66,000 61,000 7.40 Per How 7.50 7.17 8.03 7.27 7-22 March 64.000 | April May 65,000 Required: Determine the estimating cost function with machine-hours as the cost driver using the high-low method b F June's estimated machine hours total 8,400, what is the estimated cost of the Production Department? If we get of the average Cost Per gren of s ouths Hour from all before june