To receive full credit, you must show your work and label it in sufficient detail so that I can follow your logic. A correct answer without supporting calculations will receive at most 50% of the available points. You must show the units for your answer and clearly identify your final answer. Montage Manufacturing is analyzing its labor cost and has identified two cost drivers. If the company uses labor hours as the cost driver, use the following data and apply the high-low method to: 1. Compute the variable cost per unit 2. Compute the total fixed cost 3. Write the cost estimation equation using words to describe the dependent and independent variables (do not use y and x or the words dependent and independent variable), including the units for each term of the equation. 4. Estimate the cost at 1,500 labor hours. Please round all of your answers to two decimal places (dollars and cents). Units Labor Labor Year Produced Hours Cost ($) 2015 1,250 900 6,375 2016 1,700 975 8.775 2017 1,200 775 9,000 2018 3,050 1,500 16,875 2019 1,600 950 12,825 2020 1,400 875 13,125