< Using High-Low to Calculate the Variable Rate, Calculate Fixed Cost, and Construct a Cost Function. Hungry Hannah's is a small start-up company that delivers food and beverages to customers in business and residential locations via a fleet of autonomous motorized devices, including self-driving cars and drones. Data for the past 8 months were collected as follows: Month Labor Cost Employee Hours May $53,450 5,400 June 57,120 6,090 July 56,990 6,875 August 58,020 5,800 September 63,400 7,340 October 62,850 8,100 November 65,450 8,525 December 63,300 7,990 Hungry Hannah's controller wants to calculate the variable and fixed costs associated with its autonomous motorized delivery service. Required: 1. Using the high-low method, calculate the total fixed labor cost. 2. Using the high-low method, calculate the variable rate per delivery. 3. Using the high-low method, construct the cost formula for total delivery cost. Total Delivery Cost = $ + ($ x Number of Deliveries)