Question: HIGH-LOW METHOD AND LEAST SQUARE METHOD Timothy T. Cu Company produces and sells rattan baskets. The number of units produced and the corresponding total production

HIGH-LOW METHOD AND LEAST SQUARE METHOD Timothy T. Cu Company produces and sells rattan baskets. The number of units produced and the corresponding total production cost for six months, which are representative for the year, are as follows: Units Production Months Produced Costs April 500 P4, 000 May 700 8, 000 June 900 6, 000 July 600 7, 500 August 800 8,500 September 550 7, 250 REQUIRED: 1. Using high-low method, determine the variable cost per unit and fixed cost. 2. Using least square method, determine the variable cost per unit and fixed cost

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