High-Low Method Apply the high-low method of cost analysis to the three cost data groups shown below. Volume (applicable to Group A Group B Group C each group) Costs Costs Costs 2,000 $1,000 $2,600 $2,400 12,000 12,600 6,000 2,400 16,000 16,600 8,000 2,400 10,000 20,000 20,600 2,400 What cost behavior patterns are apparent? Express each as a cost formula: Total cost Fixed costs (Variable cost x Volume) (Variable cost x Volume) Group Fixed costs x Volume x Volume B x Volume Check