work: Homework 5 - Chapter 6 list Question 1, 86-8 (similar to) Part 3 of 6 HW Score: 38.46%, 3.85 of 10 points Points: 3.85 of 10 Save Use the high-low method to determine the variable and fixed cost components of Lube-for-Less's operating costs. Use this information to project the monthly operating costs for a month in which Kthe company performs 3.100 oil changes Click the icon to view the data) 1 Use the high-low method to determine the variable and fixed costs components of Lube-for-Less's operating cost equation First identify the formula and calculate the variable cost component (slope). (Round your answer to the nearest cent) Change in costs 5.000 Change in volume 1,000 Variable cost per unt 5.00 Next identify the formula and compute the fixed cost component (the vertical intercept) using the costs for the highest level of activity. (Round your answers to the nearest whole number) Variable cost per unit Total variable cost Total fixed costs ethod to determine the variable and fixed cost components of Lube-for-Less's operating costs. Use this info ms 3,100 oil changes. to view the data.) method to dete -Xuation. Data table Formula and cal e in costs Month 5,000 Number of Oil Changes Operating Expenses January 2,900 $ 38,500 formula and cor evel of activity. ( February 2,300 34,500 able cost per unit March 2,500 35,500 April 2,400 $ 35,000 May 3,300 39,500 June 2,600 36,000 Print Done