art 2 - x - + 1 x x Homework Part 20 Help Save & Exit Submit Check my work Required information Exercise 5-42,5-43 and 5-44 (Algo) (LO 5-4,5) The following information applies to the questions displayed below. Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are Interested in estimating costs In potential new locations. They believe that costs are driven in large part by store volume measured by revenue. The following data were collected from last year's operations revenues and costs in thousands of dollars). Store 11 102 nea 100 aces 106 17 Revenues $4, 220 2.347 5,918 4,222 3,094 1,263 7. 014 1,959 6,016 3,598 4,126 4,998 3,672 5.297 2.724 Costs $4,394 3.134 5,361 4,298 4,036 3,739 5,209 2.974 5,168 2.319 4,479 3,440 2,916 4.895 3.166 108 109 110 111 112 113 114 115 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) elpture Box 2 of 4 N9 @ Type here to search - O A B 11:40 AM 10/1/2019 . art 2 - x - + 1 x x Homework Part 20 Seved Help Save & Exit Submit Check my work 114 , 9 2,724 4 ,95 3,166 Exercise 5-42 (Algo) Methods of Estimating Costs: High-Low (LO 5-4) Required a. Use the high-low method to estimate the fixed and variable portions of store costs based on revenues. b. Managers estimate that one of the proposed stores will have revenues of $3.7 million. What are the estimated monthly overhead costs, assuming no Inflation? c. Managers are also considering a 'mega-store" with revenues of $22 million. What are the estimated monthly overhead costs, assuring na inllulion? Complete this question by entering your answers in the tabs below. Required A Required B Roquired C Managers are also considering a "mega-store" with revenues of $22 million. What are the estimated monthly overhead costs, assuming no inflationz (Do not round variable cost percentage for your calculations. Round your intermediate calculations to the nearest whole dollar. Enter your answer in thousands of dollars.) Store costs Type here to search - O e @ N90 A 11:40 AM 10/1/2019