The following information is available regarding the total repair costs of Billy's Automotive Company for six months of 2016: # of Units Total Cost produced January 1,600 $ 15,700 February 1,850 $ 17,300 March 1,100 $ 12,550 April 1,350 $ 14,100 May 1,975 $ 18,000 June 2,350 $ 21,050 Instruction: (show your calculations and round to 2 decimal places) (A) Compute the following using the high low method: (1) The variable element of repair cost per unit of production: (2) The fixed element of the monthly total cost: (B) Use the cost relationship determined in part (A) to estimate the total cost for July 2016, given that the production is scheduled for 2,600 units.