The cost information of ABC company for the past 6 months against its different activity-levels has been provided n below. Month Activity level in Machine Hour Total Cost in TK July 1200 250,000 August 1160 210,225 September 1450 265,000 October 1550 275,000 November 1400 255,000 December 1600 271,000 1. Using the High-Low method, estimate the variable cost per unit. 2. Using the High-Low method, estimate the fixed cost. 3. If the forecasted activity level for January is 1800 machine hours, what is the estimated total cost for January? Comment on the reliability of the estimated total cost using the High-Low method. -END