Short Answer 1. Given the following data, use the high/low method to determine the variable cost per inspection and the fixed costs. Prepare the budget equation. onth Number of Ins Overhead Cost $3,42 3,55 3,98 4,04 4,101 4,12 une Due to slower business Meredith takes her daughter with her on all inspections and pays her $40 per inspection. in the cooler months, Meredith estimates she will average 60 inspections per Prepare a schedule showing Meredith 's estimated total cost per inspection. month for the next six months