High-Low Method. Cost Formulas During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are sirplane depreciation. fuel. and airplane maintenance. The number of airplane flight hours is the dryer. The total costs of the three resource and the related number of airplane flight hours are as follows; Airplane Flight Total Cost Airplane dapreciationi High 44,000 18,700,000 28,000 18,700,000 Fual: High 44,000 443,896,000 Low 28,000 283,732,000 Airplane maintenance High 44,000 16,208,D00 28,000 11,792,000 Required: Use the high-low method to answer the following questions. If an enswer is zero, enter .0'. If required, round your enswers to nearest dollar. 1. What is the variable rate for airplane depreciation? per flight hour What is the fixed cost for airplane depreciation? 2. What is the cost formula for sirplane depreciation? Check My Work Previous Next Save and Edt Submit Assignment for Grading EN