I hope the answer for this question will be correct with the steps even if it takes 3 hours long.

QH: a) Banana Milk Shake Pic BMS provides you with the following budgeted information for the period February to April 2021. b) Using the High-Low method, calculate total fixed costs for Plum Plc, March 2021 Month Cost E Jan Production Volume Units 2.600 2,800 360 Feb 2021 E 50,000 10,000 6,000 4,000 April 2021 60,000 12,000 12,000 13,000 Revenue Purchases Fixed costs Wages Feb 380 80,000 15,000 8,000 7,000 340 500 2.400 4,000 Mar Apr May June Additional Information 300 2,000 2.200 320 c) In making decisions, the managers of a business must be familiar with the principles of cost behaviour. Sales are split 60% cash and 40% credit. Credit sales are paid one month after the month of sale. Purchases are paid the month following purchases. 50% of wages are paid in the current month and 50% the following month. Fixed costs are paid one month after they are incurred. BMS Plc will receive dividends of 8,000 each month starting from April 2021. The opening cash balance on 1 March 2021 is 44,000. 1. Draw a graph of the relationship between cost and activity level to illustrate the following: 1. Fixed Costs it. Stepped Fixed Costs . Variable Costs a) Prepare a cash budget for BMS Plc for the two month period March and April 2021. 2. Briefly define and give examples of each type of cost outlined above