High-Low Method Microdellis a Computer company that has a cell phone plan for its consultants. The number of minutes used for the past 4 months are listed below: Minutes 16,000 17,500 30,000 22,500 Cost of Cell Phone $5,000 5,825 8,500 6,400 1. Based on the above information, compute the variable cost per unit using the High-Low method. 2. Compute the Fixed Costs. 3. What is the new budget formula? 4. Predict the total cost at 21,000 minutes. 5. Predict the total cost at 29,000 minutes 6. What if the minutes are greater than 30,000 minutes? 51