This problem has two parts. In Part As you are asked to do account analysis based on cost and activity information that you are given for one particular past month. In Part 3, you are asked to do the high-low method based on cost and activity information for that same month and another past month. Note that for both parts, you are asked to make predictions for a future month. Each part of the problem is worth live 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, 1) account analysis, and 2) high-low. In both cases, she used units of production as the independent variable. For the account analysis.acecoach, she developed the cost function by analyzing each cost tem in June, when production was 1,650 units. The following are the results of that analysis Cost Item Total Cost Variable Cost Fixed Cost Direct materials $6,435 $6,435 50 Direct labor $8,415 $8,415 Factory overhead $3,735 $5,445 $3,290 Selling expenses 56,015 $2.475 $3.540 Administrative expenses $3,300 $0 $3,300 Total expenses $32,900 $22,770 $10,130 $0 For the high low method, she developed the cost function using the data from June above and data from May, when production was 2,500 units and total costs were $45,868 After developing the the cost functions, the accountant used them to make predictions for the month of December, when production was expected to be 2,375 units REQUIRED ROUND UNIT COSTS TO TWO DECIMAL PLACES AND TOTAL COSTS TO THE NEARIST DOLLAR $3,290 Factory overhead Selling expenses Administrative expenses Total expenses 58.235 56,015 $3,300 $5,445 $2,475 $0 53,540 $3,300 $32,900 $22,770 $10,130 For the higher method, she developed the cost function using the data from June above and data from May, when production was 2,500 units and total costs were $45,868. After developing the two cont functions, the accountant uwed them to make predictions for the month of December, when production was expected to be 2,375 units. REQUIRED TROUND UNIT COSTS TO TWO DECIMAL PLACES AND TOGA. COSTS TO THE NEAREST DOLLAR: 1 Part A (5 tres, 5 points) 1. Using account analysis, what was the accountants estimate of total fixed costs for December? 2. Un account analys, what was the accountants estimate of total variable costs for December? SA Tries 0/5 Part 3 (stries, 5 points) 1. Using the high-low method, what was the accountants estimate of total fixed costs for December? 2. Using the high-low method, what was the accountants estimate of Yatible costs for December? Submit Anwer Tries 0/5 Thr