Use the high-low method to determine the variable and fixed cost components of Rapid Change's operating costs. Use this information to project the monthly operating costs for a month in which the company performs 3,500 oil changes. FF(Click the icon to view the data) Use the high-low method to determine the variable and fixed costs components of Rapid Change's operating cost equation. First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent.) 1 Variable cost per unit Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. (Round your answers to the nearest whole number.) Total fixed costs Complete Rapid Change's operating cost equation. (Enter the variable cost to the nearest cent and the fixed cost to the nearest whole dollar.) ys X+ Use your answer from above to predict total monthly operating costs if Rapid Change performs 3,500 oil changes. (Round your answer to the nearest whole dollar.) The total monthly operating costs if Rapid Change performs 3,500 oil changes is $ - Data Table Month Number of Oil Changes 3,300 2,700 2.900 January February March April May June Operating Expenses S 36,800 $ 32,800 $ 33,800 S 33,300 2,800 3,700 3,000 S 37,800 34,300 S Print Done Chod next