Problem 1 (Textbook Reference: P5-1A) - Analyze a mixed cost using high-low method and scatter diagranm Hear Right Company has identified certain variable and fixed costs in its production of hearing aids. Management wants you to divide one of its mixed costs into its fixed and variable portions. Here are the data for this cost Month Costs January February March April May Units 20,800$57,600 20,000$54,000 22,000$58,500 25,600$57,600 28,400 $58,500 30,000 $62,100 32,800$63,900 35,600$68,400 une Ju August September 37,600 $72,000 October 40,000$77,400 Required: a. Using the high-low method, determine the total amount of fixed costs and the amount of variable cost per unit. Variable Cost per Unit: Total Fixed Cost Total Cost Formula