question B- 1,2,3,4

Problem 2-27g Estimating fixed and variable cost Ienkins Frames Company, which manufactures omate frames for original art work, began operations in January, Year I. Bruce Preston, the owner, asks for your assistance, He believes that he needs to better understand the cost of the frames for pricing parposes. You have collected the following data concerning actual production over the part year. Poquired he line). b. Using the high-low wethod;compesc tise whal cost equation for the preceding data. (1) Conpute the variable cost per unit. (2) Compune total fixed costs. (3) Sketeh a line between the hizh and low points on your graph. (4) Using the hagh-low method, estimate the total cost to produce 4000 units