XYZ Bakery bakes breads that are sold to local restaurants and grocery stores in Muscat. When 300 breads are baked, the average cost is $1.25 per bread. When 900 breads are baked, the average cost is $0.65 per bread. What is the total cost when 550 breads are baked? Select one: a. $462.50 b. $687.50 c. $480.00 d. None of the answers given e. $357.50 Which of the following statements is true? Select one: a. The high-low method of deriving an estimated cost line uses all the data points available. b. The high-low method is used to derive an estimated line of cost behavior by graphically connecting the two cost amounts identified with the highest and lowest volume levels. c. Engineering approach approximates cost function by classifying each account as either variable or fixed based on the analyst's knowledge of how the account behaves. d. The most complex of the cost estimation methods is the high-low method. e. In approximating the cost function, the account analysis classifies costs based upon an industrial engineer's evaluation of production methods, and material, labor and overhead requirements