Saved Help Save & Exercise 3-8 High-Low Method; Predicting Cost (LO2] The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Blood Tests Performed 5,965 7,900 5,415 4,945 5,105 4,200 4,615 5,515 5,955 Blood Test Costs $ 37,715 $ 47,360 $ 33,950 $ 31,225 $ 32,621 $ 27,380 $ 29,093 $ 34,247 $ 37,403 Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) September 5,515 5,955 $ 34,247 $ 37,403 Dints Required: 1. Using the high-low method, estimate the cost formula for blood tests. (Round cost per unit answer to 2 decimal places.) eBook Ask Print 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 5.300 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost