Use the following information to answer question 17 through 19 17. Venturella&Venturella, Inc. produces quality hats for fashion-conscious students. During 2018, its highest and lowest production levels occurred in April and October, respectively. In April, it produced 6,000 units at a total cost of $120,000. In October, it produced 2,000 units at a total cost of $80,000. Using the high/low method of estimating costs, the average variable cost of producing a hat would be a. $12.00 b. $25.71 c. S34.29 d. $46.80 e. None of the above. The correct answer is: 18. Based upon the high-low analysis above, and after determining the expected fixed cost associated with this fact pattern, the "Cost Formula" (expressed as YbX) to be used would be (show all work below): Total Cost (Y) 19. Using your cost formula determined above, what would the total expected cost be if company plans to produce 3,110 units next month? Show your work and circle your nswer. management