Mazoon Company decided to use the high-low cost estimation method to analyze its mixed costs. During the year 2020, the highest level of activity at peak season was in August (45,500 labor hours for a total cost of $121,450) and the lowest level of activity was in November (18,000 labor hours for a total cost of $80,200). What is the estimated total cost for Mazoon Company at an expected operating level of 35,000 labor hours? a $100,825 b. None of the answers given c. $89.200 Od $105,700 O e $52,500 Which of the following statements about operating leverage is false? a. The degree of operating leverage is higher for companies with higher fixed costs O b. Operating leverage measures how operating income will be affected by changes in sales Oc. Keeping all factors constant, the higher the contribution margin, the lower the operating leverage. d. All of the given answers are true. e. If the degree of operating leverage higher for a company, this means that the company is more risky than another company with low degree of operating leverage