Question 1 Cost behavior analysis Al-Faisal Company wants to develop an estimate of its materials Storeroom costs. Alex Molly, the controller, has collected what he believes to be the relevant data for the past 12 months. It is Mr. Molly's professional opinion that the storeroom costs should be closely related to the volume of the shipments received; thus, he has provided you with the following information: Required task: Prepare a cost function (formula) for the storeroom costs using the High-Low cost-behavior method (Show calculations) (3 marks) [Marks distribution: calculation of fixed costs and variable costs 2 marks and the cost formula