Question: Discussion Question The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. a)

 Discussion Question The table below shows monthly data collected on production

Discussion Question The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Based on the High-Low method, what is the total production costs if 6,500 units are produced? d) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis &2cm to represent $50,000 on the y axis. e) Using the line of best-fit, determine the company's fixed cost per month and the variable cost per unit. (Use 0&5,000 units.) f) Which of the two methods appear more appropriate? Explain your

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