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Tom Anderson tour company organizes East Coast tours for tourists using luxury buses. The following information about the operating costs of the tour buses are provided below for part of the last scal year. Month Miles traveled by 9PM cost for Remotes teachegs July 18.550 $14335 August 32.350 51 7,250 September 19.580 515,470 October 19.000 51 5350 November 32.500 517,005 December 18.500 515,185 Required: 3] Use the high-low method to estimate the cost function for montth operating cost for tour buses. b} Use the above cost function to predict the operating costs for the next scal year. The expected miles traveled for next year equals 150000 miles c) How will your answer to part (bl change if the management is expecting the following changes in costs for next scal year? Annual xed cosis are expected to increase by 10.00% Variable costs are expected to increase by 5.00%