Scout Ltd. manufacturers a single product. Data for the past four months are as follows: Required (A) Using the high-low method, what is the variable rate? (B) Using the high-low method, what is the fixed cost? (C) What is the cost formula? (D) Using the cost formula, determine the cost of producing 1,250 units? (E) Describe the three methods managers may use to separate variable and fixed costs? What are the advantages and disadvantages of each method? Why would managers be interested in separating total costs into their fixed and variable components? (F) Describe a variable cost. Describe a fixed cost. Why is it important in management accounting to distinguish between these types of costs? (G) Describe cost-volume-profit analysis and discuss why is it a useful tool for managers. Scout Ltd. manufacturers a single product. Data for the past four months are as follows: Required (A) Using the high-low method, what is the variable rate? (B) Using the high-low method, what is the fixed cost? (C) What is the cost formula? (D) Using the cost formula, determine the cost of producing 1,250 units? (E) Describe the three methods managers may use to separate variable and fixed costs? What are the advantages and disadvantages of each method? Why would managers be interested in separating total costs into their fixed and variable components? (F) Describe a variable cost. Describe a fixed cost. Why is it important in management accounting to distinguish between these types of costs? (G) Describe cost-volume-profit analysis and discuss why is it a useful tool for managers