This problem has two parts. In Part A, you are asked to do account analysis based on cost and activity information that you are given for on particular month. In Part B, you are asked to do the high-low method based on cost and activity information for that same month and another one. Note that for both parts, you are asked to make predictions for the same month. Each part of the problem is worth five points and has two questions. There is no partial credit within a part, so to get the five points for a part, you must answer both questions correctly. You get five tries for each part (not for each individual question) Mears Production Company makes several products and sells them for an average price of $85. Mears' accountant is considering two different approaches to estimating the firm's total monthly cost function, account analysis and high-low. In both cases, she used units of production as the independent variable. For the account analysis approach, she developed the cost function by analyzing each cost item in February, when production was 1,800 units. The following are the results of that analysis: Cost Item Direct materials Direct labor Factory overhead Selling expenses Administrative expenses Total expenses Total Cost $6,840 $8,820 $9,270 $6,880 $4,800 $36,610 Variable Cost $6,840 $8,820 $5,940 $2,880 Fixed Cost $0 $0 $3,330 $4,000 $4,800 $12,130 $24,480 For the high-low method, she developed the cost function using the same data from February and data from May, when production was 2,450 units and total costs were functions, the accountant used them to make predictions for the month of October, when production was expected to be 1,950 units. 46,359. After developing the two cost REQUIRED [ROUND UNIT COSTS TO THE NEAREST CENT AND TOTAL COSTS TO THE NEAREST DOLLAR.] Part A (5 tries; 5 points) 1. Using account analysis, what was the accountant's estimate of total fixed costs for Octoberi? 2. Using account analysis, what was the accountant's estimate of variable costs per unit for October? Submit Answer Tries 0/5 Part B (5 tries; 5 points) 1. Using the high-low method, what was the accountant's estimate of total fixed costs for October? 2. Using the high-low method, what was the accountant's estimate of total variable costs for October? Submit Answer Tries 0/5