Assignment 1) Cost Behaviour "Silkeborg rovfugleshow" is a show where you can experience majestic eagles, falcons as quick as lightning, agile hawks and fascinating owls. "Silkeborg rovfugleshow" is concerned with upcoming competition in the industry of entertainment in Denmark. The company wants to be financially prepared by looking at their variable and fixed costs within show operations (ticketing, feed, vets, cleaning and more). The CFO has asked you to support her in the analysis. The below information is collected over a range of seven months in the season 2021: Question 1 A. Estimate the variable and fixed parts of the total show cost based on the high-low method. Express the fixed and variable components as a cost formula using the high-low method in the linear equation form Y=a+bX. B. Construct a graphical illustration, with visitors on the horizontal axis and total show cost on the vertical axis. Use the two points you used in the high - low method calculation as basis for your illustration. Question 2 A. Prepare another graphical illustration using the scattergraph method, using the data from the table above. Plot total show cost on the vertical axis and visitors on the horizontal axis. Using this method, what is the monthly fixed cost and the variable cost per visitor? Question 3 The show is considering to prolong the season to include other months as well, as they are now only operating in the months from April to October. However, the management does not expect many visitors off-season. Help the financial controller to estimate the following based on the current high-low method cost formula from question 1: A. What is the estimated total show cost if you have 3,800 visitors during a month? B. How many visitors would you expect at a total show cost of 176,000 for one month? Question 4 Comment with 1-2 sentences on the following statements. Not connected to previous questions. Please start your comment with either "True" or "False": A. "Unit fixed cost decreases when number of units produced increases" B. "Unit variable cost decreases, when number of units produced increases" C. "Committed fixed costs are easy to eliminate or reduce" Assignment 1) Cost Behaviour "Silkeborg rovfugleshow" is a show where you can experience majestic eagles, falcons as quick as lightning, agile hawks and fascinating owls. "Silkeborg rovfugleshow" is concerned with upcoming competition in the industry of entertainment in Denmark. The company wants to be financially prepared by looking at their variable and fixed costs within show operations (ticketing, feed, vets, cleaning and more). The CFO has asked you to support her in the analysis. The below information is collected over a range of seven months in the season 2021: Question 1 A. Estimate the variable and fixed parts of the total show cost based on the high-low method. Express the fixed and variable components as a cost formula using the high-low method in the linear equation form Y=a+bX. B. Construct a graphical illustration, with visitors on the horizontal axis and total show cost on the vertical axis. Use the two points you used in the high - low method calculation as basis for your illustration. Question 2 A. Prepare another graphical illustration using the scattergraph method, using the data from the table above. Plot total show cost on the vertical axis and visitors on the horizontal axis. Using this method, what is the monthly fixed cost and the variable cost per visitor? Question 3 The show is considering to prolong the season to include other months as well, as they are now only operating in the months from April to October. However, the management does not expect many visitors off-season. Help the financial controller to estimate the following based on the current high-low method cost formula from question 1: A. What is the estimated total show cost if you have 3,800 visitors during a month? B. How many visitors would you expect at a total show cost of 176,000 for one month? Question 4 Comment with 1-2 sentences on the following statements. Not connected to previous questions. Please start your comment with either "True" or "False": A. "Unit fixed cost decreases when number of units produced increases" B. "Unit variable cost decreases, when number of units produced increases" C. "Committed fixed costs are easy to eliminate or reduce